Superhealth in talks to raise Rs 100 crore to setup hospital chain

Hospital

Superhealth, an Indian healthcare startup, is in advanced talks to close a Rs 100 crore (approximately $12 million) blended funding round through a mix of equity and debt, sources told Moneycontrol.

This could potentially be one of India's largest pre-seed rounds in healthcare.

Sources said that the company plans to use the proceeds to develop a chain of "Superhospitals", which aims to be commission free, experience-first model that addresses the current economic challenges in healthcare.

According to sources, the company's founders are re-evaluating traditional hospital practices, from design and patient wait times to doctor incentives. Currently, certain hospitals follow a model where doctors are paid a commission based on patient referrals.

The first Superhealth hospital is set to launch in July in Koramangala, Bangalore. The facility's core unique selling propositions include zero wait times for patients and zero commissions for doctors. The hospital will operate as a super-specialty, hyperlocal facility. The company plans to expand to 100 centers within the next five years.

The company has already secured around Rs 17 crore from angel investors, which is believed to be among the largest pre-launch healthcare raises in India. Additionally, Superhealth has secured another Rs 50-55 crore through debt and infrastructure financing arrangements.

Sparrow Capital has invested Rs 6 crore in Superhealth, marking their largest cheque to date. Early angel investors include Shiv Kapoor, a startup operator turned investor at Titan Capital; Natasha M. Oswal, founder of Boundless Media and Kae Capital, and part of the Motilal Oswal family; and Anurag Jain, nephew of the late motorcycle tycoon Rahul Bajaj and founder of Endurance Technologies.

The founding team includes Varun Dubey (Founder & CEO), formerly of Apollo Hospitals, Ola Electric, Practo, NVIDIA, and Qualcomm; Manoj Kumar (Founder & COO), part of the founding team at Practo; and Dr. Alexander Kuruvilla (Founder & Chief Medical Officer), former CEO of Narayana & Apollo Hospitals, founder of Medica, and a board member at Practo, MGM, and SIMS.