CallHealth raises Rs 40 Cr from Sachin Tendulkar, PV Sindhu, Gopichand

CallHealth Services

Hyderabad-based CallHealth Services, a healthcare service aggregator, has raised Rs 40 crore in a funding round led by former Indian cricketer Sachin Tendulkar, along with other sports stars such as badminton player PV Sindhu, and former badminton player Pullela Gopichand.

The master blaster has invested Rs 12 crore while Sindhu, and Gopichand put in Rs 4 crore each, according to a VCCircle report. Gopichand is an existing investor in the company.

Tetrasoft India Pvt. Ltd and Bijman Projects Pvt. Ltd , among others, also participated in the round. Tetra Soft India and Bijman Projects invested Rs 8 crore and Rs 10 crore, respectively.

According to the report, CallHealth Services raised the sum by allocating 80 lakh equity shares at a subscription price of Rs 50 each, including a premium of Rs 49. However, this was a down round from the fund-raise in July last year.

In the last round, it had raised Rs 57.52 crore by allocating 23.01 lakh equity shares at a subscription price of Rs 250 apiece, including a premium of Rs 240. The investors in that round included Telugu film actors Chiranjeevi Konidela, Nagarjuna Akkineni and Allu Arjun, among others.

The company’s previous filings show it had raised Rs 160 crore in four rounds between 2015 and 16, from investors including drugmaker Sun Pharma, Trevanion Pte Ltd, Perini Pte Ltd, Iquest Enterprises Pvt. Ltd and Telugu film actor Venkatesh Daggubati, among others.

CallHealth was founded in 2013 by Sandhya Raju, daughter of Ramco Systems managing director and CEO PR Venketrama Raja. Sandhya is also daughter-in-law of Ramalinga Raju, the former chairman and CEO of Satyam Computer Services.

CallHealth offers a large number of healthcare services such as doctor consultation, diagnostic tests, hospitalisation assistance, medicine delivery, and home-care services including nurses, physiotherapists and trained attendants.

In this space, there are various well-funded players such as Practo ($180 million), Health Care at Home ($40 million), NetMeds ($60 million), Portea ($45 million), 1mg ($36 million), Healthkart ($34.5 million) and Medwell Ventures ($34 million), among others.

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