New Delhi based hospals a cross-border healthcare and travel platform that allows international patients to access healthcare in India, the UAE, Turkey, and Thailand, announced today that it has raised $3.5 million (Rs 26 crore) in a new funding round with the goal of expanding geographically to reach $900 million gross merchandise value (GMV).
The new pre-Series A round was led by Inflection Point Ventures, 9Unicorns, and Singapore-based Wavemaker. Existing investor Venture Catalyst and prominent angel investors, including Kunal Shah, Sanjeev Mishra, and Razorpay founders, also participated in the round.
Hospals was founded in 2018 by Danish Ahmed, Obaidullah, and Suneel Kapur. The New Delhi-based startup is addressing the deep gaps in medical tourism, health education, and universal health coverage by creating a tech-driven brand centered on the needs of patients across Asia and Africa.
Hospals said it connects thousands of patients from all over the world to the best hospitals, clinics, and hotels in India, Turkey, UAE, and Thailand, to avail the most suitable medical treatments and accommodation in their budget.
The startup’s proprietary recommendation engine helps patients find the best surgeons and cosmetic clinics based on their location, treatment, and budget. Since its inception, the startup has served over 22,000 patients from 38 countries seeking medical advice, teleconsults, and surgical treatments through its network of over a hundred hospitals.
It claims to have a network of over 400 Hospals health consultants in 30 countries to provide patients with local counselling and support. The startup also stated that its growth has increased sixfold in the last six months.
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