The Fundamentum Partnership, an early growth stage firm created by Nandan Nilekani and Sanjeev Aggarwal, led a $27 million Series B fundraising round for Ayu Health Hospitals.
Existing investors Stellaris Venture Partners, Vertex Ventures, and Alteria Capital joined the round, as did US-based fund 57 Stars, Rohit MA-led Capier Investments, angel investors Ashish Gupta, Khadim Batti, and Vara Kumar, as well as existing investors Stellaris Venture Partners, Vertex Ventures, and Alteria Capital. Prateek Jain of Fundamentum Partnership will join the Ayu Health Board as a result of this fund drive.
Ayu Health Hospitals is India’s fastest-growing network of high-quality hospitals, concentrating on patient experience, sophisticated technology, pricing transparency, and highly qualified doctors. Himesh Joshi, Arjit Gupta, and Karan Gupta founded the company in 2019, and it now works with over 70 hospitals across Bengaluru, Chandigarh, NCR, and Jaipur, making it the largest hospital chain in these regions, with over 2000 patients served every day.
In September 2021, the firm received $6.3 million in Series-A funding from Vertex Ventures and Stellaris Venture Partners. The new funds will be utilised to grow Ayu Health’s hospital network and develop novel technical solutions for patient experience, insurance processing, efficient procurement, and clinical quality management at network hospitals.