Healthcare Startup Glamyo Health Has Announced New Year Target USD 100 Mn ARR

Archit Garg and Dr. Preet Pal Thakur 

Glamyo Health, a healthcare Startup operating in the field of elective surgeries, has announced New Year Target USD 100 mn ARR.

Glamyo Health, an asset light healthcare startup operating in the field of elective surgeries has announced closing the fiscal 2021-22 with an ARR of USD 8 mn. The brand aims at closing the new fiscal 2022-23 with an ARR USD 100 mn.

Glamyo Health is a multi-specialty healthcare brand which delivers hassle-free experience for all types of cosmetic procedures and elective surgeries with personalized care.

The healthcare startup has reached a mark of 400 surgical centers across 26,000 pin codes, adding at least 50-60 centers on an average every quarter. Through aggressive expansion Glamyo Health has been able to penetrate across 16 metropolises in India including – Delhi, Mumbai, Hyderabad, Bangalore, Pune, Chandigarh, Indore, Bhubaneshwar, Patna, Mysore, Madurai, Chennai, Ahmedabad, Nagpur, Lucknow, Kochi, Coimbatore.

We have been able to record a month-on-month growth of 25% in terms of revenue. Our aggressive expansion has ensured availability and service. Additionally, we are maintaining a fine customer service and treatments which together have helped us scale rapidly,” said Mr. Archit Garg, Co-founder at Glamyo Health.

“We identified the areas where the traditional healthcare system has not served enough. Further, we ensure that we do not just fill the gap, but we fill it with the best in class cutting edge treatment modalities. We shall continue to expand our portfolio of offerings and strive for 100% patient satisfaction. We plan to source some unique technologies from different parts of the world and introduce them in India to bring the industry at par with the global standards,” said Dr. Preet Pal Thakur Co-Founder at Glamyo Health.

In the last one year the brand has already made key global surgical technologies available, including minimally invasive elective and cosmetic surgeries, including Laser proctology treatments, Laparoscopic surgeries, and Circumcision.

About Glamyo Health

Glamyo health, a healthcare brand founded in 2019 by Mr. Archit Garg and Dr. Preet Pal Thakur is an asset-light healthcare Startup operating in the field of elective surgeries. Glamyo Health is providing its services in 26,000+ pin codes across 26 cities. The brand specializes in minimally invasive elective and cosmetic surgeries, including Laser proctology treatments, Laparoscopic surgeries, and Circumcision. The value propositions of Glamyo Health include complete price transparency, zero-cost financing options, and administrative support. It makes sure that the patient’s entire journey - from admission to discharge; even Insurance paperwork is completely hassle-free.

Glamyo Health Raises $3 Mn in Funding Led by Ananta Capital

L-R Mr. Archit Garg, Co-founder & Dr. Preet Pal, Co-founder of Glamyo Health

Glamyo Health, an Asset Light healthcare start-up operating in the field of elective surgeries has raised USD 3 Mn in Series A. The start-up has raised the round from an array of esteemed investors and led by Ananta Capital and participation from Agility ventures, Udtara Ventures, We Founder Circle, Dexter Angels, Tej Kapoor - Managing Partner at Fosun, Vivek Gupta & 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. Started in end 2019 the brand has raised in total USD 3.5 Mn Including the current round.

On the investment Mr. Archit Garg, Co-Founder at Glamyo Health said “Due to the pandemic, there has been a huge backlog of elective surgeries. Lack of quality healthcare professionals and facilities is also a challenge in India. At Glamyo Health, we are bridging the Gap with keeping quality at core. In the last three quarters we have witnessed 300% percentage surge in the business through our platform. Besides we have also grown 3x in Number of Cities in the last 3 months.”

“We have grown with a monthly CAGR of ~ 35% in the last 18 months. The key reason for this growth is that we keep the patient at the centre of all our offerings. Surgical care in India is riddled with challenges like price opacity, even pricing shocks, friction in patient experience - just to name a few. Glamyo Health is essentially solving this trust deficit” said Dr Preet Pal Thakur, Co-Founder at Glamyo Health.

On the investment Mr. Neeraj Tyagi, Co-Founder, We Founder Circle said "Elective surgery market in India remained unexplored for a long time. Glamyo Healthcare comes with great technology, surgeon network and professionals to provide the latest and finest treatment to the audience. Given the fact that after a long time the field is getting disrupted, the scope is huge and thus it makes for a good investment."

“At Ananta we like to partner with founders who are chasing large market opportunities and building strong businesses with fundamental economics intact. We really liked the passion, vision and execution of Archit and Preet, as Glamyo has built its hospital network in 250 + Pin Codes in 10 cities. It is a big achievement for the 1.5-year-old start-up as many asset heavy players in the industry still do not have such a diverse presence” said Mr. Lovkesh Kapoor, Managing Partner at Ananta Capital.

"In this covid era, Glamyo has used technology to deliver personalized patient care. We're confident that in the times to come, Glamyo will be a leading consumer-centric elective surgery provider in India,” Mr. Prashant Narang, Co-founder, Agility Ventures.

“Glamyo health has disrupted the healthcare industry with its asset light infrastructure and highly capital efficient business model, enabling the company to grow @ 40%+ month on month. We are sure that Glamyo will soon grab a significant market share in the fragmented healthcare infrastructure and services category, driving larger benefits to its consumers” said Mr. Ankit Lakhotia, Partner - Udtara Ventures.

The company currently has presence in 10 cities which includes Mumbai, Bangalore, Hyderabad, Pune and also Tier 2 cities like Indore, Bhubaneshwar, Chandigarh & Patna. Glamyo team has plans to scale up in 20+ cities in the next 6 months.

About Glamyo Health

Glamyo Health started its operations from Delhi in end 2019. The startup is building an asset light chain of hospitals and clinics specifically for electric surgeries and cosmetic procedures. In a short time, the brand has already scaled to 10+ cities, and is working with 250 + hospitals and 150 + surgeons. Glamyo Health has a team of 50 + Medical Coordinators who handhold patients in end-to-end journey from free home pick up and drop, hassle free admission, insurance clearance, 24-hour discharge and free follow ups.