Hyderabad-based healthcare startup Oxa, focused on connecting and providing healthcare treatment globally through individually curated medical tourism packages, has secured an undisclosed amount in seed funding from UAE based Idein Ventures. It is currently focusing on medical tourism to India and has global plans in pipeline.
Oxa was founded in December last year, as an offline medical tourism company, but is building itself as a connected healthcare eco-system around the globe. Shashank Shrivastava, previously the founder and CEO of Sunjeevanam, a solar purchase and installation company, is currently heading the organization. Shashank is also a graduate of BITS Pilani and has previously worked with PlaySolar and Tata Power. He is looking to expand his team with inclusion of members in the top management.
Shashank says about the company, “To begin with, we are creating a one-stop shop for people travelling to India for Healthcare or Medical Treatment purposes. We not only arrange for travel, accommodation and treatment but also provide Pre-Travel Medical Consultation and Post-Treatment Care Services.”
Idein Ventures, a global private equity firm, has its India operations headquartered in Hyderabad. This is Idein’s first investment in the core healthcare industry in India. Some of its recent investments include real estate companies Buildtraders and Restate. David Back, founder of Zoomcar, had also joined Idein Ventures to head its strategy and USA operations, earlier this year.
An official statement from Idein Ventures says, “Oxa is building a very strong channel between Africa and India. And Idein is helping them with this global reach, as we are associated with the right players in this industry globally. India alone is expected to cater to at least 10 million overseas patients by 2019. And that is only the expected figure, Oxa is trying to create a new market as well.”
The hospital industry is huge and fragmented and has seen interest from private equity players recently. Specialty hospitals have helped create treatment hubs in different pockets of India. Last year, Abraaj group had invested around Rs 2000 crores in the multi-specialty hospital chain Care Hospitals.[cp_one_half]text [/cp_one_half][cp_one_half]text [/cp_one_half]
Oxa was founded in December last year, as an offline medical tourism company, but is building itself as a connected healthcare eco-system around the globe. Shashank Shrivastava, previously the founder and CEO of Sunjeevanam, a solar purchase and installation company, is currently heading the organization. Shashank is also a graduate of BITS Pilani and has previously worked with PlaySolar and Tata Power. He is looking to expand his team with inclusion of members in the top management.
Shashank says about the company, “To begin with, we are creating a one-stop shop for people travelling to India for Healthcare or Medical Treatment purposes. We not only arrange for travel, accommodation and treatment but also provide Pre-Travel Medical Consultation and Post-Treatment Care Services.”
Idein Ventures, a global private equity firm, has its India operations headquartered in Hyderabad. This is Idein’s first investment in the core healthcare industry in India. Some of its recent investments include real estate companies Buildtraders and Restate. David Back, founder of Zoomcar, had also joined Idein Ventures to head its strategy and USA operations, earlier this year.
An official statement from Idein Ventures says, “Oxa is building a very strong channel between Africa and India. And Idein is helping them with this global reach, as we are associated with the right players in this industry globally. India alone is expected to cater to at least 10 million overseas patients by 2019. And that is only the expected figure, Oxa is trying to create a new market as well.”
The hospital industry is huge and fragmented and has seen interest from private equity players recently. Specialty hospitals have helped create treatment hubs in different pockets of India. Last year, Abraaj group had invested around Rs 2000 crores in the multi-specialty hospital chain Care Hospitals.[cp_one_half]text [/cp_one_half][cp_one_half]text [/cp_one_half]
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