Medical Tourism Startup Global Care Nets $3 Mn To Bridge Healthcare Gaps

Non-hospital medical tourism startup Global Care has raised $3 Mn in a Series A funding round led by 35North India Discovery Fund – II.

This investment will help the company to bridge healthcare divides, building clinical excellence through strategic consulting and facilitating convenient access to world-class patient care, it said in a statement.

“We strongly believe in both the company and the sector. The sector is benefiting from cutting-edge medical care across specialties in India, Turkey, Dubai, Egypt, Germany, and Thailand. This is coupled with the availability of high-end medical equipment and the time and price competitiveness of these destinations,” said Ashwani Singh, managing director at 35North.

Founded in 2009, Gurugram-based Global Care provides advanced medical care across various specialties in India, Turkey, Dubai, Egypt, Germany and Thailand. Its mission is to bridge global healthcare gaps by expanding its services internationally and establishing a worldwide network of clinical support.

The company also focuses on developing clinical corridors to support patients who require treatment abroad, positioning itself as a leading healthcare consultant on a global scale.

Globalcare claims to offer a complete and holistic approach to medical tourism, seamlessly integrating medical treatment, travel logistics, accommodation and post-treatment care.

“The company is now at the forefront of expanding healthcare services internationally and creating a global ecosystem of clinical services as healthcare consultants covering both aspects – building clinical corridors while supporting patients who cannot be treated in their home country,” Rajeev Taneja, founder and CEO of Global Care, said.

India’s medical tourism industry was valued at approximately $6 Bn in 2022, with projections to reach $13 Bn by 2026, as per a FICCI report. Bangladesh, Iraq, Maldives, Afghanistan, Oman, Yemen, Sudan, Kenya, Nigeria and Tanzania account for about 88 per cent of the total international patients visiting India.

India’s medical tourism has surged due to affordable, high-quality treatments, advanced technology, and skilled medical professionals. The government’s supportive initiatives, like e-medical visas, and the availability of diverse treatments, including alternative therapies, attract international patients.