Healthcare startup Ayu Health gains $27 million in its Series B round led by The Fundamentum Partnership created by Nandan Nilekani and Sanjeev Aggarwal. Along with the investment, The Fundamentum Partnership’s Prateek Jain will also join Ayu Health’s Board. Fundamentum Partnership is also the investor behind PharmEasy, Travel Triangel and other prominent startups.
Along with this US-based 57 Stars and Capier Investments participated. Angel Investors Ashish Gupta, Khadim Batti and Vara Kumar participated. Existing investors Stellaris Venture Partners, Vertex Ventures and Alteria Capital also invested. The current funds will be used to expand Ayu Health’s hospital network and innovate technology to provide a better patient experience. In their series A round, they had raised $6.3 million in 2021.
Founded by Himesh Joshi, Arjit Gupta and Karan Gupta in 2019, the startup acquires speciality hospitals and rebrands them into a network of hospitals. The startup wants to make pricing transparent in the field of healthcare. They also want to provide a better patient care experience, provide clinical quality management, speed up the insurance processing and enable efficient procurement.
They currently have 70+ hospitals spread across NCR, Jaipur, Bengaluru and Chandigarh. In the last 2 cities alone, they have over 40 hospitals. By the end of 2022, the startup has plans to create a network of 200+ hospitals of 10,000 beds.