Key facts
- Hoola Health, a paediatric healthcare startup, has raised $5 million in a funding round.
- The round was led by Peak XV Partners' Surge, with participation from W Health Ventures and angel investors.
- The company offers paediatric consultations, vaccinations, diagnostics, developmental assessments, and therapy services.
- Hoola Health plans to expand its network of clinics from five in Bengaluru to 35 across Bengaluru, Hyderabad, and Delhi-NCR within two years.
- The startup intends to use the funds to scale its integrated care model and enhance its technology stack.
Paediatric healthcare startup Hoola Health, previously operating as BabyMD, has successfully raised $5 million in a seed funding round spearheaded by Peak XV Partners' Surge investment platform. The capital infusion is earmarked for expanding its network of child-focused neighbourhood clinics, bolstering its technological infrastructure, and scaling its integrated paediatric care model.
W Health Ventures, an existing investor, also contributed to the round, alongside notable angel investors including Ashish Gupta, Abhishek Goyal, and Bijou Kurien. Founded in 2024 by Deeksha Senguttuvan and headquartered in Bengaluru, Hoola Health provides a comprehensive suite of services including paediatric consultations, vaccinations, diagnostics, developmental assessments, and therapy services, all supported by digital tools for parents.
The company currently operates five clinics in Bengaluru and has ambitious plans to expand to 35 centres over the next two years, targeting expansion into Hyderabad and Delhi-NCR. Initially, Hoola Health aims to deepen its presence within Bengaluru before venturing into new metropolitan areas. Since its inception, the startup has served over 20,000 families, with a significant portion of its business driven by returning clients and developmental therapies.
Hoola Health's model focuses on primary and developmental paediatric care outside of large hospital settings, catering to parents seeking convenient, recurring services like routine check-ups, growth tracking, and therapeutic support. The startup is also developing digital health records for vaccinations, prescriptions, and developmental progress, alongside providing parents with access to health information and support tools.
The rebranding from BabyMD to Hoola Health signifies the company's strategic intent to broaden its scope beyond infant care to encompass a wider spectrum of paediatric services. Future plans include venturing into adjacent areas such as paediatric dental care. This specialized segment of paediatric healthcare has attracted significant investor interest, with recent funding rounds for similar platforms like Butterfly Learnings and Babynama.