Glamyo Health has raised $3 million in a Series A round led by Ananta Capital and participated in Agility ventures, Udtara Ventures, We Founder Circle, and Dexter Angels. Other investors include Tej Kapoor (Managing Partner at Fosun), Vivek Gupta and Abhay Hanjura (Founders of Licious), Dhruv Kapoor (Partner at Sistema), Aditya Singh (Principal at Stride VC), Ayush Jain (Leading South India for AWS), and others.
Since the end of 2019, the brand has raised $3.5 million, including the current round.
On the investment, Archit Garg, co-founder at Glamyo Health, said, “Due to the pandemic, there has been a massive backlog of elective surgeries. The lack of quality healthcare professionals and facilities is also a challenge in India. In the last three quarters, we have witnessed a 300 per cent surge in the business on our platform.
Besides, we have also grown 3x in several cities in the past three months.”
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The company currently has a presence in 10 cities such as Mumbai, Bengaluru, Hyderabad and Pune, and Tier-2 towns like Indore, Bhubaneshwar, Chandigarh and Patna. Glamyo team has plans to scale up in 20-plus cities in the next six months.