Bengaluru-based health Tech startup Ayu Health raised $6.3 million in Series A funding round from Singapore-headquartered Vertex Ventures and Stellaris Venture Partners, which is based in Bengaluru.
The round saw participation from serial entrepreneur and angel investor Ashish Gupta, Mamaearth’s co-founder Varun Alagh, and Rajat Goel, Founder of Gurugram-based EyeQ Super Speciality Eye Hospitals.
The healthtech startup plans to deploy these funds to expand their hospital network, and improve technology solutions, procurement and quality management. Additionally, Ayu Health target is to expand its bed capacity to over 5,000 beds across six cities by December 2022, according to a release shared by the company.
Founded in 2019 by Himesh Joshi, Arijit Gupta, and Karan Gupta, who sold their previous firm Zefo to Quickr, Ayu Health acquires speciality hospitals and rebrands them to create a network of hospitals. Currently, the firm has about 20 hospitals across Chandigarh and Bengaluru.
The founder hopes to digitise hospitals across India. Ayu Health is also looking to digitise inventory management, follow-up appointments, and ease the insurance-claim procedures, among other things.