Expects to grow its business 10x in FY22 and expand its bed capacity to 5000+ beds in six cities by December 2022
Ayu Health, a health-tech startup with a network of hospitals providing high-quality, affordable healthcare, has raised $6.3M in Series A financing from Vertex Ventures and Stellaris Venture Partners. The round also saw participation from marquee angel investors including Varun Alagh of Mamaearth, Ashish Gupta of Helion and Rajat Goel of EyeQ Hospitals.
Founded in 2019, Ayu Health has over 20 hospitals in Chandigarh and Bengaluru – all accredited by National Accreditation Board for Hospitals & Healthcare Providers (NABH) – making it one of the largest hospital chains in these cities. The startup enables its network hospitals with technology to maintain high clinical standards and provide a better patient experience at an affordable cost.
The fund infusion will help Ayu expand its hospital network and build new technology solutions to enable insurance processing, efficient procurement and clinical quality management at network hospitals. Ayu Health expects to grow its business 10x in FY22 and expand its bed capacity to 5000+ beds in six cities by December 2022.
Speaking about the investment, Himesh Joshi, Co-founder, Ayu Health said, “Our mission at Ayu is to democratise hospital care by using technology to improve both the quality, efficiency and reach of stand-alone hospitals. Our partner hospitals use our technology platform to improve clinical quality, procure medicines and consumables, and process insurance claims; this results in better clinical outcomes, a smooth in-hospital experience and transparent pricing for patients.
