The Series B funding round brought through the Fundmentum Partnership brought towards the funding of Ayu Health Hospitals.
Ayu Health, a healthcare startup, includes a network well over 70 hospitals in India. Within the series B funding, an earlier growth stage fund founded by Nandan Nilekani and Sajeev Aggarwal, they elevated $27 million.
This round also saw participation from some prominent investors. It saw the participation people-based fund 57 stars, Rohit MA brought Capier Investments as well as different Private investors. A number of them incorporated Ashish Gupta, Khadim Batti, and Vara Kumar.
The funding also saw an energetic participation of existing investors, including Stellaris Venture Partners, Vertex Ventures and Alteria Capital.
Using the fundraiser, Prateek Jain of Fundamentum Partnership may also are joining the Board of Ayu.
Ayu Health began in 2019 by Himesh Joshi, Arjit Gupta and Karan Gupta, who offered their previous firm Zefo to Quickr. Ayu Health aims to get various speciality hospitals and rebrand these to create a whole network of hospitals.
The brand new funding round
In September, Ayu health funding had already elevated a set A funding of $6.3 million from Vertex Ventures and Stellaris Venture Partners. They’ve bagged the series B funding in under annually.
We’ve also seen a good investment within the healthcare startup of PharmEasy from Fundamentum Partnership.
The funds elevated in the fresh round from the investments will be employed to expand Ayu Health’s hospital network. It will likewise be employed to develop more innovative technological solutions for much better patient experience. And to offer efficient procurement and insurance processing.
The funding can also be likely to be targeted at clinical quality control over the hospitals. Seeing an inclusion of over 4,000 plus beds in multiple locations across India. The organisation has become set to get among the largest hospital chains in the united states through the finish of 2022.
The startup presently works together with over 70 hospitals which are distributed across Bengaluru, Chandigarh, NCR, and Jaipur.
Exactly what the Co-founder stated
Himesh Joshi, the Co-founder, and Chief executive officer of Ayu Health quoted,
“We began Ayu Health in 2019 having a pursuit to build India’s most reliable hospital chain. Promising top quality patient outcomes, transparency on prices, and world-class patient experience. Using the support from new and existing investors, we’re now well-positioned to consider this model to more geographies, and therefore are targeting a network well over 200 hospitals and 10,000 beds by 12 , 2022 making certain top quality healthcare for those.”
The startup is searching for any 10X growth through the finish of 2022.
Arjit Gupta, Co-founder, and CTO of Ayi Health, say, “Tech hasn’t produced a significant dent within the healthcare space to date, particularly in-hospital care. We’re centered on altering that,”
Prateek Jain, Principal of Fundamentim Partnership, stated. “The latter years have shown a sudden requirement for tech-driven disruption within the healthcare space to be able to build solutions that may provide efficient, affordable, and quality care. Searching in the journey of Ayu Health within the last couple of years, her capacity and ability to address significant gaps in clinical care, in-hospital experience, and prices for patients in India.”