Healthcare startup Ayu Health has raised USD 27 million (about Rs 205 crore) in a series-B round led by Fundamentum Partnership, an early growth-stage fund founded by Nandan Nilekani and Sanjeev Aggarwal.
The round also saw participation from the US-based fund 57 Stars, Rohit MA-led Capier Investments, angel investors such as Ashish Gupta, Khadim Batti, Vara Kumar, and existing investors Stellaris Venture Partners, Vertex Ventures, and Alteria Capital, the Bengaluru-based firm’s co-founder and chief executive Himesh Joshi said in a note on Thursday.
He also said with this fundraising, Prateek Jain from Fundamentum Partnership will be joining the Ayu Health board. Founded in 2019 by Himesh Joshi, Arjit Gupta and Karan Gupta, it currently works with over 70 hospitals across Bengaluru, Chandigarh, Delhi-NCR and Jaipur, making it the largest hospital chain in these regions, serving over 2,000 patients every day. The company had raised Series-A of USD 6.3 million from Vertex Ventures and Stellaris Venture Partners in September 2021.
The funds from the latest round will be used to expand the hospital network and develop technological solutions for patient experience, insurance processing, efficient procurement, and clinical quality management. With the addition of 4,000 plus beds in multiple locations, the startup is set to become the largest hospital chain by the end of 2022, the company claimed.
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