Hospals offers international health coverage to subscribers across Africa & Asia, enabling them to get cashless treatments in India & other countries
Hospals has announced part raise of its Pre-Series A investment from Inflection Point Ventures, 9Unicorns, Singapore based Wavemaker and prominent angels like Kunal Shah, Sanjeev Mishra and Razorpay founders. Existing investor Venture Catalysts has also participated in the current round.
The funds raised will be used for expanding geographically to reach $900 mn in GMV, serving 1.5 million subscribers & patients to get quality medical & cosmetic treatments across the world.
Medical tourism is a $78 billion industry globally and was growing at 25 per cent CAGR before COVID brought international travel to a halt. With millions of patients waiting for surgeries since the past 2 years and thousands of medical travel companies shutting operations during COVID, Hospals is rapidly scaling its operations to service this backlog. The startup has already served over 22000 patients from 38 countries to get medical advice, teleconsults and surgical treatments across over a hundred hospitals in its network