August 7, 2024: Healthtech startup Visit Health has successfully raised over Rs 250 crore in its latest funding round. Furthermore, the company has revealed plans for its second employee stock option plan (ESOP) buyback.
Visit Health, founded in 2015 by Vaibhav Singh, Shashvat Tripathi, Chetan Anand, and Anurag Prasad—graduates of BITS Pilani—offers a platform for corporate employees to manage their healthcare needs directly from their smartphones. The new funding will support the company’s expansion efforts.
The startup provides a range of wellness and outpatient services to over 400 corporate firms, 4,500 small and medium enterprises (SMEs), and 15 insurers through a widespread cashless network of medical providers across India.
Visit Health Partners with TatvaCare for Growth
The health care startup is also enhancing its services through a strategic partnership with TatvaCare, a firm specializing in health and wellness.
The investment and partnership with TatvaCare are expected to drive Visit Health’s growth, enabling the company to improve its network and services.
Vaibhav Singh, Co-founder and Managing Director of the health care startup, stated, “With the strengthened partnership with TatvaCare, we are poised to expand our cashless network, services, and enhance our commitment to delivering accessible, high-quality healthcare to everyone.”
Manoj Balaji, CEO of TatvaCare, commented, “Our partnership with Visit Health aligns perfectly with our vision of transforming healthcare delivery. By collaborating closely, we aim to provide innovative solutions that address the evolving needs of patients.”
This latest transaction by Visit Health includes both a primary capital infusion and a secondary purchase of shares previously held by Docprime Technologies Pvt Ltd, a subsidiary of PB Fintech, along with shares from promoters and employees.
