Children playing in a Hoola Health clinic reception area
Hoola Health, a paediatric healthcare brand formerly known as BabyMD, has successfully raised $5 million (approximately ₹47.6 crore) in a funding round. The investment was led by Peak XV’s Surge, with participation from existing investor W Health Ventures and several angel investors, including Ashish Gupta, Abhishek Goyal, and Bijou Kurien.
The Bengaluru-based startup intends to utilize the newly acquired capital to significantly expand its clinic network across major Indian cities, including Bengaluru, Hyderabad, and Delhi NCR. Hoola Health, which opened its first clinic in 2024, currently operates five clinics in Bengaluru and plans to launch 30 additional facilities over the next two years. The company will also invest in enhancing its specialist services, technological infrastructure, and parent support systems.
Founded in 2024 by Deeksha Senguttuvan, Hoola Health offers a comprehensive suite of paediatric services. These include consultations, vaccinations, diagnostics, developmental assessments, therapies, and specialist care, with plans to integrate services like paediatric dentistry. The company rebranded from BabyMD to Hoola Health to better reflect its expanded service offerings for children across various age groups.
Hoola Health has designed its clinics to be child-friendly, incorporating play zones and specialized interiors. Complementing its physical presence, the startup also operates a digital platform that assists parents in managing their child’s healthcare through features such as vaccination tracking, growth monitoring, digital prescriptions, and access to lifelong health records. The company reports having served over 20,000 families in the past 18 months.
This funding round underscores a growing trend of specialized offerings for children in India, driven by a new generation of parents prioritizing their children’s health and well-being. Hoola Health’s expansion aligns with this market dynamic, positioning itself to capture a larger share of the paediatric healthcare sector.
The investment also adds to Peak XV’s existing portfolio in the healtech sector, which includes investments in Luma Fertility and Truemeds, among others.
About the Author
