CallHealth, an integrated healthcare services platform has raised Rs 50 crore from media conglomerate Bennett Coleman and Company Limited(BCCL) in a value-for-equity deal.
The Hyderabad-based CallHealth Services, a healthcare service aggregator, was in talks to raise Rs 40 crore in September last year from former Indian cricketer Sachin Tendulkar, along with summer Olympic silver medal holder in shuttle PV Sindhu, and former badminton player Pullela Gopichand.
However, Sachin and PV Sindhu called off their proposed investment in the healthcare services aggregator. Also, they refused to elaborate on the reasons behind the unsuccessful deal.
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 scam-hit 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.
CallHealth currently provides its services in about 20 cities, while keeping Hyderabad and Delhi as its two hubs.
In 2016, CallHealth had raised about Rs 57.52 crore from Telugu film actors Chiranjeevi Konidela, Nagarjuna Akkineni and Allu Arjun, among others.
In this space, there are various well-funded players such as Practo, Health Care at Home, NetMeds, Portea, 1mg , Healthkart and Medwell Ventures, among others.
Times Group or BCCL publishes some of India’s largest selling titles such as The Times of India, The Economic Times and also runs TV news channels such as Times Now and ET Now besides owning and running hordes of other print and TV platforms in mainstream Hindi and English as well as regional languages.
BCCL’s subsidiary Times Internet Limited runs online properties such as MagicBricks, CouponDuniya, cricket news site Cricbuzz, DineOut, and several others.
The development was first reported by Paper.vc.
We have updated the headline and funding amount after getting a confirmation email from CallHealth.