Healthcare startup Glamyo Health is raising $2.5 million or Rs 19.71 crore in fresh funds led by existing investor Agility Ventures Fund. Tejal Merchantile Private Limited, Anicut Capital LLP, VISTRA ITCL, Nelum Gidwani, and Ramrod Advisors LLP also participated in the round
The board at Glamyo has passed a special resolution to issue 2,408 CCPS at an issue price of Rs 81,865 per share to raise 19.71 crores or $2.5 million, a regulatory filing with the registrar of companies shows.
The company had raised $3 million in its Series A round led by Ananta Capital. Agility Ventures, Udtara Ventures, We Founder Circle, Dexter Angels, Tej Kapoor of Fosun, Vivek Gupta, and Abhay Hanjura of Licious have also joined the round.
The Delhi-based company will utilize these funds in order to generate long-term resources for implementing future growth plans, filing further shows.
Co-founded by Archit Garg and Preet Pal Thakur, Glamyo is focused on providing services like laser treatments for orthopedics, proctology, urology, and laparoscopic cases. In March, Glamyo claimed that it has been operating across more than 10 surgical categories providing over 50 individual treatments. The company has a presence in over 10 cities and plans to scale up in over 20 cities by the end of the ongoing fiscal year (FY23).
Glamyo Health competes with Pristyn Care which turned unicorn this year after raising a $85 million round from Tiger Global, Sequoia Capital and others. The three-year-old company follows a hybrid model where it sets up its own clinics and utilizes third-party hospital infrastructure to facilitate surgeries.
Glamyo Health seems to be an intriguing startup with inspiring development on hospitals and health care platform. All the best to the whole group. This will give them an enormous achievement in the future.Shishir Gupta, Founder and CEO, StartupLanes
Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.
If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.
You can subscribe to our news posts by entering your email in the box on the right side of this page.
Check out our YouTube channel for insightful content from the Indian startup ecosystem.
Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.
The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.
Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.
For Editorial/Rectification please email firstname.lastname@example.org