970*90
768
468
mobile

Medical tourism startup Hospals raises $1.5 mn from Spiral Ventures & Venture Catalysts

Franchise India Bureau
Franchise India Bureau Dec 01 2018 - 1 min read
Medical tourism startup Hospals raises $1.5 mn from Spiral Ventures & Venture Catalysts
The funds raised will be used by the company to expand its operations across India, the Middle East and North Africa.

Medical tourism startup Hospals has raised $1.5 million in a round led by Japanese early-stage venture capital fund Spiral Ventures and incubation platform Venture Catalysts.

The funds raised will be used by the company to expand its operations across India, the Middle East and North Africa.

Danish Ahmed, Co-founder of Hospals, said, "Cross-border healthcare is a $100-billion market globally, and India, the fastest-growing country in this space, is expected to generate $9 billion in revenues by 2020. That’s a huge opportunity, but the market is still very unorganised and disconnected. At Hospals, we're combining technology and operations to build a one-stop shop for international patients."

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."

Subscribe Newsletter
Submit your email address to receive the latest updates on news & host of opportunities
Entrepreneur Magazine

For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you

or Click here to Subscribe Online