Femtech funding dips, consolidation on the rise
Bengaluru: Once regarded as a niche segment within India's broader healthtech landscape, femtech is now entering a phase of strategic consolidation. Although investor enthusiasm softened in recent quarters, acquisition activity indicates that major players aim to bridge clinical and digital capability gaps through focused buyouts.
Femtech encompasses startups that focus on women's health.
Data from Tracxn shows that Indian femtech startups raised over $286 million in 221 equity funding rounds between 2012 and 2025. Funding peaked at $70 million in 2021 but then sharply declined to $8.7 million in 2024, with just $2 million raised so far in 2025.
Despite this funding dip, activity within the ecosystem has not stalled. Over the last eight years, at least 13 acquisitions took place in the space, reflecting growing interest in integrated women's health platforms.
Fertility, menstrual care, and mental health remain the most active sub-sectors. Tracxn's data lists 312 active mental health startups (not all women-specific), while menstrual and fertility-focused companies account for 40 and 37 players respectively.
This backdrop sets the context for a recent but quiet consolidation. TOI has learnt that Proactive For Her, a digital clinic for women's sexual, hormonal, and reproductive health, was acquired by IVF Access, a fertility chain operator backed by Vertex Ventures.
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Both companies shared Vertex as a common investor, which helped facilitate the transaction, people aware of the matter said.
While financial terms remain undisclosed, the acquisition reflects a maturing approach to category building in femtech, one that goes beyond point-solution apps to full-stack clinical care and diagnostics. IVF Access, which runs a network of fertility clinics across India, is expected to fold Proactive For Her's digital services into its broader offering.
"The sector is shifting from awareness-led models to outcome-led clinical care," said a health investor tracking the space. "Acquisitions like these allow companies to move upstream and downstream in the care journey."
Neither Proactive For Her, IVF Access, nor Vertex Ventures responded to queries until press time.
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