The round also saw the participation of marquee angel investors including Varun
Alagh of Mamaearth, Ashish Gupta of Helion and Rajat Goel of EyeQ Hospitals.
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, it said in a statement.
Founded in 2019, Ayu Health has over 20 hospitals in Chandigarh and Bengaluru – all accredited by National Accreditation Board for Hospitals & Healthcare Providers (NABH). The startup enables its network hospitals with technology to maintain high clinical standards and provide a better patient experience at an affordable cost.
Ayu Health expects to grow its business 10x in FY22 and expand its bed capacity to 5000+ beds in 6 cities by December 2022.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India announced from September 15-16, 2021.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Ayu Health||Bengaluru||6.3 million||Series A||Vertex VentureS, Stellaris Venture Partners||Varun Alagh, Ashish Gupta, Rajat Goel||Healthcare IT||HealthTech|
|Boutique Spirit Brands||Mumbai||11 million||Equity/Debt||IIFL, Anicut Angel Fund, Kae Capital, TradeCred||-||Food|
|Apna||Bengaluru||100 million||Series C||Tiger Global Management||Owl Ventures, Insight Partners, Sequ-oia Capital India, Maverick Ventures, GSV Ventures||Information Services||HR Tech|
|BharatAgri||Pune||6.5 million||Series A||Omnivore||India Quotient, 021 Capital||Information Services||AgTech|
|Mensa Brands||Bengaluru||10 million||-||Tiger Global||-||Financial Services||E-commerce|
|Scalenut||Gurugram||400,000||Seed||Titan Capital, First Principles VC, AngelList, Abhishek Goyal||-||Software||SaaS|
|Artium Academy||Mumbai||750,000||Seed||Sonu Nigam, Jet Synthesis, Whiteboard capital||-||Education/Training||EdTech|
|Quizbee||Noida||-||Pre-Seed||Kanodia group||-||Travel & Leisure||eSports|
|Awon GameZ||Noida||2 million||Seed||-||-||Travel & Leisure||eSports|
|Flatheads||Bengaluru||1 million||Pre-Series A||We Founder Circle, Dexter Angels, Gaurav Kapur, Sahil Barua, Radhika Ghai||-||Consumer Products||E-commerce|
|eShipz||Bengaluru||700,000||-||Indian Angel Network||Axilor Ventures||Logistics & Distribution||SaaS|