Global Care-Lavanya Medicare Solutions Pvt Ltd, a medical tourism start-up, has secured a USD 3 million strategic investment from 35North India Discovery Fund II (IDF II) and its affiliates. 

According to the company’s official statement, 35North IDF-II will, through this investment, support Global Care’s mission to unify healthcare services worldwide. Additionally, the investment will help promote clinical excellence through strategic consultation and facilitate convenient access to top-tier patient care services.

Ashwani Singh, the Managing Director at 35North, has great confidence in the company and the sector. This sector reaps the benefits of advanced medical services in various specialities offered in India, Turkey, Dubai, Egypt, Germany, and Thailand. 

These destinations also offer high-end medical equipment and hold a competitive edge in terms of time and pricing.

Rajeev Taneja, the Founder and CEO of Global Care, noted that the company is currently leading the expansion of healthcare services on an international scale. They act as healthcare consultants, creating a global network of clinical services. 

While doing so, they are working on establishing clinical pathways and assisting patients who require treatment outside their home country. Rajeev Taneja established Global Care, a medical tourism start-up, in 2016 with the goal of bridging the gap in the global healthcare system and extending its services globally. 

The start-up administers medical care in India, Thailand, Turkey, Dubai, Egypt, and Germany. Furthermore, the company focuses on developing clinical pathways to aid patients requiring treatment abroad.

Medical tourism in India has been on the rise. According to FICCI research, nearly 88% of all foreign patients visiting India hail from Bangladesh, Iraq, the Maldives, Afghanistan, Oman, Yemen, Sudan, Kenya, and Nigeria. Moreover, medical value travel is projected to reach USD 13 billion by 2026.

India Discovery Fund II, a SEBI-registered Cat I Angel Fund, is dedicated to identifying potential unicorns and fueling their growth through capital and strategic guidance, including board representation.

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