Medical tourism startup Hospals has raised INR 10 crores ($1.5 million) in a funding round from Japan’s Spiral Ventures and Venture Catalysts. The freshly raised capital will be used to expand operations nationally across India as well as internationally across the Middle East and North Africa.
Founded by Yebhi co-founder and former Paytm VP Danish Ahmed along with Al Shifa Healthcare Services founder Obaidullah Junaid and Al Shifa’s COO Alok Kumar Singh this year, the startup was incubated at Technology 9 Labs, a startup studio funded by Spiral Ventures.
Hospals offers assistance to medical tourists like providing services like recommendations of hospitals and doctors, booking appointments with doctors, post-treatment follow-ups, visa assistance and accommodation assistance.
Talking about the investment, Yasuhiro Seo, partner at Spiral Ventures, said, “With a multilingual, tailored mobile-technology based platform, Hospals has successfully created a solution which addresses the pain points in the healthcare ecosystem. Japanese corporates are extremely bullish to partner with healthcare companies in India and Spiral Ventures can facilitate possible partnerships.”
The startup has expanded its services to commonwealth countries helping over 200 medical tourists every month and more than 6,000 patients from14 countries.
Other healthcare players in India are PharmEasy, Lybrate, Netmeds, 1mg, SigTuple, Practo, Portea and several others. However, none of them directly competes with Hospals as all of them cater to different needs. Earlier this month, it was reported that health tech startup Niramai raised ₹50 crore in funding from Pi Ventures, Binny Bansal, Axilor Ventures, and Ankur Capital.