Health benefits and travel Startup Hospals raises $3.5 million in Pre-Series A round

• ByTejika Bajaj     |    January 25, 2022

Cross border health benefits and travel startup Hospals has recently announced that it has raised a sum of $3.5 million as a part of its Pre-Series A round of funding led by Inflection Point Ventures, 9Unicorns and Singapore based Wavemaker.

The round also witnessed participation from noteworthy angel investors such as Kunal Shah, Sanjeev Mishra and Razorpay founders along with existing investor Venture Catalyst.

The company officials have stated that the proceeds from this round of funding will be deployed towards expanding the reach of the startup geographically to reach $900 million in GMV (Gross Merchandise Value). The startup also aims to serve 1.5 million subscribers and patients to get quality medical as well as cosmetic treatments across the world.

Vinay Bansal, Founder & CEO, Inflection Point Ventures says, “Healthcare expenses which include treatment costs and travelling expenditure can be daunting for a family. Having a guided advisory from companies like Hospals can ease the stress as their model connects you with the best doctors and surgeons in their respective disciplines. They also provide translation & residential assistance close to the hospitals. Hospals sit at the crossroads where it is helping patients and medical professionals. Healthcare as a market opportunity is booming and with growth in insurtech, we are very bullish on Hospals and healthcare in general.”

Founded by Danish Ahmed Obaidullah and Suneel Kapur, Hospals is a cross border health benefits and travel startup that caters to patients from India, Thailand, Turkey and UAE. The startup utilises a proprietary recommendation engine which allows patients to locate the best surgeons and cosmetic clinics, depending upon their location. Its network of over 400 Hospals Health Consultants across 30 countries provides local counselling and support to ensure a seamless experience for the patient.

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