20 Highest-Funded MBA Healthcare Startups Of 2023

Rooshy Roy and Justin Silver of The Wharton School are cofounders of AAVRANI, a 2019 Most Disruptive MBA Startup.

Hey Jane, 2019

MBA Founder: Kaitlin Freedman, Harvard Business School
Total Raised: $9.7 million
Latest Funding Round: $6.1M Angel/Seed October 2022

Hey Jane is a telehealth startup that connects patients to healthcare providers for online medical consultations. Among its services, it provides virtual medication abortion services to eligible patients in nine U.S. states. The company is now looking at expanding into maternal mental health services as well as sexual and reproductive health, according to this Harvard Business School case study.

In its latest funding round in October 2022, Hey Jane raised $6.1 million from seven investors,Led by Ulu Ventures. Founder and CEO Kiki Freedman, MBA ‘20, was included on Inc.’s 2023 Female Founders 200 List.

AAVRANI, 2018

MBA Founder: Rooshy Roy & Justin Silver, The Wharton School
Total Raised: $8.7 million
Latest Funding Round: $7M Series A May 2022

AAVRANI is a direct-to-consumer e-commerce premium skincare company inspired by India’s ancient beauty rituals. It most recently raised $7 million in Series A funding in May 2022, led by Skara Ventures.

It was co-founded by the daughter of Indian immigrants, Rooshy Roy, CEO, who learned natural skin-care and beauty secrets from her grandmother’s recipes. It was named one of our most disruptive startups in 2019.

“As a first-generation Indian-American, my upbringing was enriched by cultural celebrations and traditions. Some of my fondest memories growing up involved the gatherings of women within our immigrant community—grandmothers, mothers, aunts, and daughters—re-creating the skincare solutions our families passed down many generations using household ingredients from our kitchen, such as turmeric, almond oil, and neem,” Roy told Poets&Quants.

“As I got older and started to buy my own beauty products, I became increasingly appreciative of the all-natural solutions that worked best for my skin but didn’t have the time to source all the ingredients myself, let alone create the formulas. That became the inspiration for AAVRANI!”

DON’T MISS: B-SCHOOLS AT THE FOREFRONT OF HEALTHCARE and HIGH & LOW HEALTHCARE MBA SALARIES AT THE LEADING U.S B-SCHOOLS

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