Innovaccer, the first healthcare unicorn of India is now valued at $3.2 billion, after a funding round led by Mubadala Capital, where it raised $150 million. The existing investors along with new investors also participated in the funding round. With this, the company has crossed the valuation of Indian startups like ShareChat, Groww, and PineLabs.
Innovaccer was founded by Indian Institute of Technology graduates- Kharagpur, Abhinav Shashank, and Kanav Hasija and IIT Ahmedabad graduate, Sandeep Gupta. The biggest market for the company is in the USA. It is planning to use the raised capital for its research and development and with having 100 vacancies across engineering, product and business functions the company is also planning to scale up the hiring process as well.