Hyderabad-based healthcare startup, Oxa Medical has raised an undisclosed amount in Seed funding from UAE-based Idein Ventures, marking its first investment in the core healthcare industry in India.
The company plans to use the funds to build its technology stack and build operations in Hyderabad.
Commenting on the development, Ashwin Srivastava, Founder, Idein Ventures said, “Oxa is building a very strong channel between the Africa and India medical worlds. And Idein is helping them with this global reach as we are associated with the right players in this industry globally.”
Founded in December 2016 by Shashank Shrivastava, Oxa focusses on healthcare treatment globally through individually-curated medical tourism packages. Prior to founding the company, Shashank worked with PlaySolar and Tata Power. He also founded Sunjeevanam, a solar purchase and installation company.
“To begin with, we are creating a one-stop shop for people travelling to India for healthcare or medical treatment purposes. We not only arrange for travel, accommodation, and treatment but also provide pre-travel medical consultation and post-treatment care services,” said founder Shashank Shrivastava.
Currently focussing on medical tourism in India, and global plans in the pipeline, Oxa is looking to expand their team with the inclusion of members in the top management.
Founded by Mahesh Vellaboyina, Ashwin Srivastava and Rajeshwar Prasad, Idein Ventures has its India operations headquartered in Hyderabad and Mumbai. Some of its recent investments include real estate companies Buildtraders and Restate.