[Update] HexaHealth Nets $12 Mn To Make Surgeries Accessible For Patients

Update | April 30, 01:26 AM IST

A day after Inc42 reported that HexaHealth’s board approved a proposal to raise INR 37 Cr via preferential allotment of shares, the healthtech startup has now confirmed that it has closed a $12 Mn (about INR 102 Cr) Series A round led by Orios Venture Partners and 3one4 Capital.

The round also saw participation from new investors Enzia Ventures and ITI Growth Opportunities Fund, as well as existing backers Chiratae Ventures and Omidyar Network India. 

In a statement, the startup said that the fresh proceeds will be utilised to drive HexaHealth’s next phase of growth, expand into new surgical specialities, enter new geographies across India, build an AI-powered platform to enhance patient care, and strengthen the senior leadership team. 

The startup claims to have so far facilitated over 30,000 surgeries across the country and achieved positive contribution margins in FY25. 

Original | April 28, 07:00 PM IST

Healthcare startup HexaHealth’s board has approved the proposal to raise INR 37 Cr (around $4.3 Mn) through a preferential allotment of shares.

According to an MCA filing assessed by Inc42, the startup’s board has passed a resolution proposing issue of 49,941 Series A CCPS (Compulsorily Convertible Preference Shares) to Orios Fund, 3one4 Capital, Chiratae Ventures, Vistra ITCL, Enzia Ventures and ITI Growth Opportunities Fund, among others. 

The CCPS with a face value of INR 10 each and premium of INR 6,838 apiece are offered to the investors to raise INR 34.19 Cr. 

Out of INR 37 Cr, HexaHealth has already raised INR 2.80 Cr on April 3 via preferential shares issue of 4,089 Series A CCPS to five investors – Rahul Saraf, Raksha Agarwal, Rohan Khandelwal and Pramod Kumar Sharma. 

Entrackr reported the development first. 

Founded in 2021 by 1mg founder Vikas Chauhan, Ankur Gigras and Aman Priya Khanna, HexaHealth offers medical services such as doctor consultations, medical loan facilitation, second opinions, insurance assistance and post-surgery care, among others. 

It also claims to provide a 24/7 personal care buddy to guide patients through every step of their hospitalisation journey. Besides, it offers assistance in procedures, including angioplasty, knee replacement, IVF, pacemaker and arthroscopy. 

In 2021, the startup raised INR 33 Cr in a seed funding round led by Omidyar Network India and Chiratae Ventures. 

It competes against the likes of HealthAssure, EasyHeals, FineHeal and others in the healthcare segment.

India’s healthtech sector is home to unicorns like Pharmeasy, Cure.Fit, Innovaccer and Tata 1mg. Overall, more than 11,000 healthtech startups have emerged in the country since 2014.

However, the startups in this space are facing issues in both scaling and securing funding due to multiple factors, including the presence of established players.

Indian healthtech startups raised a mere $0.7 Bn funding last year across 78 deals in 2024. Besides, a number of healthtech startups like Kenko Health, DayTwo, Nintee, and ConnectedH, shut operations in recent times, while others like Breathe Well-being laid off employees.

In Q1 2025, the funding amount raised by healthtech startups stood at $301 Mn, largely on the back of healthtech unicorn Innovaccer’s $275 Mn fundraise.

Earlier, this month, Indian Angel Network’s (IAN’s) cofounder Padmaja Ruparel said at a Startup Mahakumbh that India is losing early stage healthtech startups to overseas players due to a lack of domestic capital. 

She added that the country needs to retain these entrepreneurs by creating an ecosystem and providing support through public procurement policies. 

Meanwhile, healthcare information exchange platform IHX has been acquired by fintech SaaS unicorn Perfios. IHX is a digital healthcare platform which provides data solutions to hospitals, payers, and diagnostic laboratories.