The round also saw participation from US based fund 57 Stars, a few prominent angel investors, existing investors Stellaris Venture Partners, Vertex Ventures, and Alteria Capital
Ayu Health Hospitals has announced that it has raised $27 million in Series B funding led by The Fundamentum Partnership, an early growth stage fund founded by Nandan Nilekani and Sanjeev Aggarwal.
The round also saw participation from US based fund 57 Stars, Rohit MA led Capier Investments, angel investors like Ashish Gupta, Khadim Batti, Vara Kumar, and existing investors Stellaris Venture Partners, Vertex Ventures, and Alteria Capital. With this fund raise, Prateek Jain of Fundamentum Partnership, would be joining the Ayu Health Board.
The company had raised Series-A funding of $6.3 million from Vertex Ventures and Stellaris Venture Partners in September, 2021. Funds raised from the fresh round of investments will be used to expand Ayu Health’s hospital network and develop innovative technological solutions for patient experience, insurance processing, efficient procurement, and clinical quality management at network hospitals.