As a doctor , I was very hopeful when digital health start-ups entered India a few years ago. I am a big believer in Information Therapy, and I felt that these start-ups would use technology to help connect patients directly with doctors. They would remove the middleman and reduce information asymmetry, thus making it easier for patients to find a doctor who’s right for them.
This is one of the reasons I’ve been an angel investor in health start-ups, and have followed Practo closely, since it is the poster boy of a successful digital health start-up in India. I was optimistic that once they had raised so much money, they would be able to make a dramatic difference to the way medicine is practised in India. Unfortunately, it’s been a long time and I’m extremely unimpressed by what they accomplished so far. Continue reading