HexaHealth, a platform to digitize in-patient care and become a long term partner for the patient in their hospitalization journey, has raised Rs 33 crore (USD 4.5 million) in seed funding. The round was led by Omidyar Network India and Chiratae with participation from 3one4 Capital. Several veteran healthcare professionals like Viren Shetty, Group COO, Narayana Health, Rohit M.A., MD, CloudNine, Rehan Khan, MD, Merck India, are among those coming in as angel investors, a list that also includes Rohit Kapoor, CEO, OYO and Mohit Gupta, ex-Marketing Head, HealthKart.
HexaHealth is co-founded by healthcare veterans, Vikas Chauhan, a serial entrepreneur who co-founded TATA 1MG, Ankur Gigras, who was leading the B2C businesses at TATA 1MG and Dr Aman Priya Khanna, a minimally invasive surgeon who was earlier practicing at Artemis and has performed over 5000 surgeries. HexaHealth aims to use the funds to revolutionise the way Indians think of surgery and provide them a seamless experience.
Speaking about the problem that HexaHealth is trying to solve, co-founder Ankur Gigras said, “Once a patient has been recommended surgery, they struggle with the next steps. Surgery is a stressful time for the patient when they need maximum support. At Hexa, we want to become a patient’s trusted digital partner by keeping them at the center of decision making and helping them in every stage of their hospitalization journey. In the long term, we want to be the one-stop trusted platform to cater to a patient’s hospitalization needs".
“Technology can help augment the ability of healthcare providers manifold. The pandemic has accelerated adoption of technology across patients and providers. We want to utilize this momentum to ensure that the patients are well informed of all their choices, are educated about what they can expect and are taken care of even post surgery. This would make sure that the providers have less anxious patients and can deliver proper care pre,during and post surgery,” Vikas Chauhan, Co-founder, HexaHealth, added.
About 2 crore surgeries are performed in India annually and multiple surveys show that people’s trust in our healthcare system is decreasing, primarily driven by the lack of information. HexaHealth will differentiate itself from competition by keeping the customer’s needs at the center and providing the patient with transparent and objective advice. The company will build the largest network of hospitals across the country and bring in digital solutions for better patient care throughout the patient’s surgery life cycle. HexaHealth will especially focus on addressing the information asymmetry as well as helping patients get more info beyond their limited healthcare understanding.
“We are inspired by HexaHealth’s vision to become the most trusted platform to digitise surgery related decision making and make quality & affordable hospitalisation care available to millions of Indians. We believe patient centric digital solutions can transform In-patient care, a $80B market that contributes to 60% of overall health expenditure. Having worked closely with the founders in their previous avatar, we are thrilled at the opportunity to partner with them again,” said Aditya Misra, Principal, Omidyar Network India.
“Technology allows for a patient to be at the center of healthcare delivery is a thesis that we strongly believe in. Hexa’s vision of wanting to transform patient experience for hospitalization and surgeries combined with the strong execution history of the founding team makes this an exciting investment for us,” stated Ranjith Menon, Executive Director, Chiratae Ventures.