Gurugram-based Startup Global Care Bags $3 Mn in Series A Funding

The startup aims to use this investment to bridge healthcare divides by enhancing clinical excellence through strategic consulting and providing convenient access to world-class patient care.

Global Care, a non-hospital medical tourism startup, has successfully raised $3 million in a Series A funding round led by 35North India Discovery Fund – II.

The Gurugram-based startup aims to use this investment to bridge healthcare divides by enhancing clinical excellence through strategic consulting and providing convenient access to world-class patient care.

Founded in 2009, Global Care claims to have established itself as a key player in the medical tourism industry, offering advanced medical care across various specialties in India, Turkey, Dubai, Egypt, Germany, and Thailand.

The startup’s mission is to address global healthcare gaps by expanding its services internationally and creating a global network of clinical support.

Global Care focuses on developing "clinical corridors," which are designed to support patients who require treatment abroad.

This approach positions the company as a leading healthcare consultant on a global scale, ensuring that patients receive the necessary care even if it is unavailable in their home countries.

Comprehensive Approach to Medical Tourism

Global Care prides itself on offering a holistic approach to medical tourism, seamlessly integrating all aspects of the patient experience.

The company coordinates medical treatment, travel logistics, accommodation, and post-treatment care, ensuring a smooth and stress-free process for international patients.

Rajeev Taneja, founder and CEO of Global Care, emphasized the company’s role in expanding healthcare services internationally.

"The company is now at the forefront of expanding healthcare services internationally and creating a global ecosystem of clinical services as healthcare consultants," he said.

Growth in India’s Medical Tourism Sector

India’s medical tourism industry is experiencing rapid growth, valued at approximately $6 billion in 2022 and projected to reach $13 billion by 2026, according to a FICCI report.

The surge in medical tourism is attributed to affordable, high-quality treatments, advanced technology, and skilled medical professionals.

Countries including Bangladesh, Iraq, Maldives, Afghanistan, Oman, and Yemen contribute significantly to the influx of international patients visiting India for medical treatment.

Government initiatives, such as the introduction of e-medical visas, and the availability of diverse treatment options, including alternative therapies, have further bolstered India’s position as a preferred destination for medical tourism.

In a similar development, just days back, the Rajasthan government announced that it is preparing to introduce a new policy aimed at promoting medical tourism, according to an official from the state's medical and health department.

The policy, 'Heal in Rajasthan,' is designed to position the state as a leader in the health sector and create significant opportunities for investment and employment.