Peak XV Partners Backed AI-Health Startup Cloudphysician Appoints Dr. Mandar Vaidya (ex-OYO, ex-McKinsey) as CEO-India

AI health startup Cloudphysician, a full-stack tech and operations company that partners with hospitals to manage patients in their ICU and Emergency departments, announced the appointment of Dr. Mandar Vaidya as CEO-India, effective June 2024. Mandar brings over two decades of experience driving global businesses and delivering transformative results. His experience as a former partner at McKinsey & Co., where he led the healthcare practice in Asia and developed strategies for hospitals and pharmaceutical companies, will help Cloudphysician serve partner hospitals effectively and drive growth across India.

Mandar was regional CEO at OYO for four years, where he led multiple geographies outside of India (Europe, SE Asia, Middle East, and Japan). He led profitable and transformative growth in these markets via a tech-enabled approach: building scale from India for the world. Additionally, Mandar is an independent director on the board of Cipla Limited. His experience in driving growth and innovation for global companies over the last 20 years will help foster a long-term institutional approach within Cloudphysician.

Cloudphysician recently raised $10.5 million in a Series A funding round led by Peak XV Partners, with participation from Elevar Equity and venture debt firm Panthera Peak. Mandar aims to unlock opportunities to ensure that high-quality intensive care is accessible, scalable, and cost-effective for hospitals everywhere.

Speaking on the appointment, Dr. Dhruv Joshi and Dr. Dileep Raman, co-founders at Cloudphysician, said, “With Mandar joining our team, we are entering an exciting new phase in our growth journey. The healthcare landscape in India is evolving and there is a significant opportunity for tech-enabled solutions to establish sustainable models of care delivery. His industry expertise, insights, and laser-like execution focus will help drive our mission forward, enabling us to reach more patients and hospitals. His rich experience and strategic approach to business development will help establish Cloudphysician as the preferred critical care partner, helping us expand our tech-driven solutions to over 5,000 hospitals. We believe his leadership will accelerate our vision of transforming critical care delivery and setting new standards in healthcare, ultimately improving outcomes and saving lives on a larger scale.”

Mandar who has also extended an investment in Cloudphysician in addition to joining as CEO commented, “It has been inspiring to witness Cloudphysician’s remarkable journey. The fact that they have achieved a 40% reduction in their ICU mortality rates was what stood out to me. I am excited to take this kind of impact to every hospital across India. I am thrilled to join hands with Dhruv and Dileep who have led the movement of building a streamlined approach to high-acuity care.  This is a career-defining opportunity for me to further build and lead a transformative team. By leveraging advanced technology for more precise diagnosis and treatment, we will deliver the best possible outcomes for patients. Together, we will strive to set new benchmarks in healthcare and transform care delivery in hospitals.“

Cloudphysician is building the largest and fastest-growing full-stack virtual critical care network. Its seamlessly integrated technology, world-class treatment protocols, and best-in-class medical teams improve patient outcomes. This innovative approach has significantly impacted the care of over 1 lakh critically ill patients in over 200 partner hospitals across 23 states. Cloudphysician has empowered partner hospitals to see up to a 40% reduction in their ICU mortality rates with 24/7 AI-enabled clinical support. The ultimate goal is to ensure the delivery of high-quality critical care to all.