Global Care Secures $3 Million Funding from 35North IDF-II, Affiliates 

Medical tourism start-up, Global Care-Lavanya Medicare Solutions Pvt Ltd, has raised $3 million as a strategic investment. The investment has been received by 35North India Discovery Fund II (IDF II) and its affiliates. 

As per the company statement, through this investment, 35North IDF-II will support Global Care’s aim to bridge healthcare divides worldwide. Additionally, it will help to build clinical excellence through strategic consulting and also facilitate convenient access to world-class patient care. 

“We strongly believe in both the company and the sector. The sector is benefiting from cutting-edge medical care across specialties in India, Turkey, Dubai, Egypt, Germany, and Thailand. This is coupled with the availability of high-end medical equipment and the time and price competitiveness of these destinations,” said Ashwani Singh, Managing Director at 35North. 

"The company is now at the forefront of expanding healthcare services internationally and creating a global ecosystem of clinical services as healthcare consultants, covering both aspects—building clinical corridors while supporting patients who cannot be treated in their home country,” said Rajeev Taneja, Founder and CEO of Global Care. 

Medical tourism start-up Global Care was founded in 2016 by Rajeev Taneja and aims to bridge the gap in the health care system globally and expand its services internationally. The start-up provides medical care in countries including India, Thailand, Turkey, Dubai, Egypt, and Germany. Additionally, the company is said to be concentrating on creating clinical pathways to assist patients needing treatment overseas. Medical torusm has been increasing in India. Approximately 88 percent of all foreign patients visiting India come from Bangladesh, Iraq, the Maldives, Afghanistan, Oman, Yemen, Sudan, Kenya, and Nigeria, according to FICCI research. Additionally, medical value travel is expected to increase to $13 billion by 2026. 

India Discovery Fund II, a SEBI-registered Cat I Angel Fund, aims to identify potential unicorns and accelerate their growth with capital and strategic guidance through board representation. The company has invested in start-ups including SpeedLabs (TeevraEdutech), Nukleus Office Solutions, Cloud Tailor, Stupa Analytics, Big Bang Boom Solutions, Aatwri Aerospace and Defense, HomePecked, and Beshak.