- The additional amount secured is close on the heels of its Series B funding of $27 million earlier in the year
- The health tech start-up has expanded its network across three more, key emerging metros
Mumbai, 10 November, 2022: Ayu Health Hospitals, a fast-growing healthcare start-up with a network of 100+ hospitals across India, today announced its maiden entry into Hyderabad. With the aim of providing healthcare for all, the company will be adding more hospitals to its existing portfolio of 19 hospitals and 1500 beds in the region.
Recently, the company secured an additional $5 million on the heels of its Series B funding secured earlier in the year by investors such as Fundamentum Partnership, Stellaris Venture Partners, and Vertex Ventures. The company is making its entry into the Hyderabad market through its unique asset-light business model with the objective of building a trusted network of high-quality hospitals through transparent pricing, insurance provision, and standard treatment protocols. Ayu Health will soon start working with a few of the top hospitals, such as Sia Life, TX Uppal, and Vrinchi hospitals in Hyderabad, to bring quality healthcare to the masses through the standardisation of healthcare services provided by neighbourhood hospitals.
Commenting on the development, Himesh Joshi, co-founder and CEO at Ayu Health, said, “Hyderabad presents a unique opportunity given the rapid expansion of its medical infrastructure, which has made high-quality healthcare available to people across both public and private sectors. We believe that this market is well-positioned for us to offer the general public a transparent and hassle-free medical experience. The city also acts as a regional hub for several neighbouring states and so we are hopeful that our hospitals, enabled with tech-led discovery and access, coupled with unmatched pricing transparency will make quality healthcare both affordable and accessible to patients from these locations too. In the coming year, we’ll also increase expand our network to include hospitals from nearby cities like Vijayawada.”
With the use of the latest technology for advanced treatments, transparency in pricing and highly experienced doctors, Ayu Health is ameliorating the relationship between patients and healthcare providers to ensure enhanced patient experience. All Ayu Health hospitals are expected to adhere to the four guiding principles of 100% fixed price packages, high quality and technology, affordable prices, easy payment options and complete Insurance support –so that patients have the best experience while fighting the disease.
Karan Gupta, Co-founder and COO, Ayu Health Hospitals, said, “Given our presence in key metro markets of India, we intend to grow nationally, providing healthcare to all. In line with this vision, we would be adding more hospitals to our existing portfolio of 19 hospitals and 1500 beds in the region. The additional token of the fund we have received is being allocated towards building better technology for hospitals and patients. This would directly influence our hospital partners and patients in the Hyderabad region as well. By expanding our asset-light business approach in
this market, we intend to address the gaps in clinical care, in-hospital experience, and pricing for patients while creating a hospital chain that is trusted by people.”
“The practice of seeking medical care abroad is expanding quickly, and there is an increase in the inflow of patients into India. Therefore, overseas patients and medical tourism will continue to be a focus for us in Hyderabad”, added Karan.
Earlier this year, Ayu Health announced its entry into the Delhi-NCR market by adding 25 hospitals to its network acquiring more than 1500 hospital beds in the region. The expansion was aided by Series B funding of USD 27 million raised from The Fundamentum Partnership, an early-stage growth fund founded by Nandan Nilekani and Sanjeev Aggarwal. Founded in 2019 by Himesh Joshi, Arjit Gupta and Karan Gupta, Ayu Health is now present across the cities of Bengaluru, Jaipur, Chandigarh, and Delhi-NCR. The company has continued to focus on clinical quality and patient experience, making it one of the best NPS performers in healthcare with Google ratings of 4.7 across hospitals.
