your password has been reset successfully, Please login again.

Healthcare Startup, BeYouPlus Bags $3.2 Million in Series A Funding Round

BeYouPlus administers high-quality services and immensely surge footfalls at the clinic by ensuring customers of good quality, transparent and affordability at a reachable nearby clinic.
BY Jaspreet Kaur
Feature Writer, BusinessEx
Nov 04,2019

Innovative and fast-increasing healthcare online platform, BeYouPlus has proclaimed to have collected $3.2 million in Series A funding round. IvyCap Ventures led the funding round along with other investors---Madison Capital and Singapore Angel Network, among others. 

The Gurugram-headquartered firm is primarily a consumer brand that performs day care procedures, concentrates on delivering clinical excellence, accessibility and affordability through a nexus of co-managed and branded procedure rooms at nearby specialty clinics. 

“We remain focused and committed to bringing global gold standard medical procedures to the Indian masses at an affordable price point. Having personally spent over 14 years in the healthcare industry, we understand the challenges doctors and patients face. It is our firm belief that the answer to India’s lack of healthcare infrastructure rests with a standardized distributed model for daycare and elective medical procedures. Our model improves the efficiency of private practitioners whilst providing healthcare consumers a quality-assured, and reliable service provider,” Ankit Khurana, Founder and CEO at BeYouPlus, said in the company’s official statement. 

Separately, Vikram Gupta, Founder and Managing Partner at IvyCap Ventures said, “BeYouPlus is addressing critical issues of accessibility, transparency and standardized treatments in Indian healthcare with the help of technology. We believe that with this round, BeYouPlus team shall lay down a strong foundation for its next phase of growth towards achieving massive scale.”

As part of the deal, Vikram Gupta, Founder and Managing Partner of IvyCap Ventures, will be commissioned at the board of directors at BeYouPlus. 

Soaring Day Care Procedure Market in India 

The day care procedure market in India is expected to grow to $12 Billion with an estimated 40 million procedures by 2022. There has been a tremendous growth of neighborhood day care centers in the western markets, whilst in India, the concept is at its nascent stages. As consumers' spending on healthcare increases, the average spend on healthcare by an Indian household is expected to double by 2022. This opens up a large opportunity for innovative new companies to bridge the gap between supply and demand and ensuring improved outcomes using technology, as stated in the company’s official statement. 

Considering this market, BeYouPlus has created a unique model rendering highly skilled specialist doctors with a turn-key solution. Through this solution, the doctors can add more procedural skills to their existing OPD practice. 

The company administers high-quality services and immensely surge footfalls at the clinic by ensuring customers of good quality, transparent and affordability at a reachable nearby clinic. Presently, it offers Dermatology services meeting dermatological and aesthetic needs, as well as plans, to expand their business model to other related specialties in the offing. 

The healthcare firm has earlier obtained funds in a seed funding round from Ganesh Ventures, Cybercarrier and other angel investment firms encompassing Daljit Singh, Former President at Fortis Healthcare. 

 

Please add your Comment
SIMILAR Articles
April 10, 2020
Prominent singer, Sukhbir Singh and others invested money in Mera Cashier ...More
By Jaspreet Kaur
April 07, 2020
A company can deploy new-age marketing skills to increase speed, synchronization and develop connect ...More
By Jaspreet Kaur
April 06, 2020
Kitchens Centre plans to use funds on increasing its presence in new geographies, forming on strateg ...More
By Jaspreet Kaur
April 03, 2020
The webinar unveiled important segments and tips that the entrepreneurs are overlooking in this dire ...More
By Jaspreet Kaur
March 31, 2020
Besides taking crucial business decisions, an entrepreneur is accountable for the welfare of his emp ...More
By Jaspreet Kaur
March 27, 2020
When opting work from home for all employees, there are a vast set of problems that an entrepreneur ...More
By Jaspreet Kaur
March 26, 2020
The Indian government has proclaimed a financial package covering various severely hit sectors in it ...More
By Jaspreet Kaur
March 23, 2020
the Indian government is stepping up and implementing strategies, over cautionary measures that it i ...More
By Jaspreet Kaur
March 19, 2020
As per the UN conference, the coronavirus outbreak may affect the global economy by $1-2 trillion in ...More
By Jaspreet Kaur
March 14, 2020
Women entrepreneurs are grabbing opportunity to make the most of it and embracing challenges that ar ...More
By Jaspreet Kaur
March 06, 2020
The Bengaluru-based commercial realty investment firm, Strata has received an offering of $1.5 milli ...More
By Jaspreet Kaur
March 04, 2020
Trell is a mobile application that helps the Indian users to share and ascertain personalized recomm ...More
By Jaspreet Kaur