Up-Close and Personal: Meet InspireNext’s 7 Participating Startups

The accelerating adoption of advanced technologies and ‘mobile-first, digital-everything’ models across industries set high standards and almost unattainable consumer expectations. In the past decade, the healthcare industry in India has been strongly impacted by the transformative force of technology, expanding access to millions in the urban and rural population of the country.

As India rapidly transforms into a major digital economy – courtesy the ever-increasing smartphone adoption and rapidly evolving innovation ecosystem fueled by entrepreneurial take on real-world problems – now is the time to embrace and facilitate the digital revolution in the Indian healthcare industry.

With this mission, Apollo Munich Health Insurance takes on the unique challenge and opportunity to provide superior customer service to the large Indian population by continuously improving its operational efficiency.

As the next step towards their mission of Making India Health Confident, Apollo Munich Health Insurance launched its first-ever accelerator program, InspireNext, to embark on a journey of sourcing and adopting innovations by partnering with early-stage disruptive “healthcare meets FinTech” startups. With this step, Apollo Munich Health Insurance wanted to address areas of opportunities within their key business units (BU) by developing innovative products.

The main objectives of InspireNext are to engage with new-age innovative startups that can enable Apollo Munich Health Insurance to:

  • Enter into newer/niche segments through innovative products
  • Accelerate topline growth of existing products through innovative GTM partnerships
  • Enhance productivity/efficiencies in the internal business processes to drive bottom-line growth
  • Augment customer experience on their digital assets thereby enabling superior customer onboarding and service.

We’ve always felt, the best way to introduce our readers to innovative startups’ work is to let those who built the companies speak for themselves. In line with this, we conducted thorough interviews with all seven of the startups that are a part of InspireNext. Through these conversations, we hope to provide readers with not only an overview of the innovation within the Indian startup ecosystem but also interesting insights into the work these startups are engaged in; not to mention, their experience of the InspireNext program.

Accordingly, we came up with three questions that we posed to all the seven startups:

  1. What was the one crucial pain point they wanted you to tackle?
  2.  How did the structure of the InspireNext program help you co-create solutions?
  3. According to you, what makes this program stand out from the crowd?

The fascinating responses we received helped us construct an image of the present day’s startup ecosystem in India, and also served as a testimony for the transformational nature of the InspireNext program.