Update: HexaHealth secures fresh funds led by Orios VP

Update: HexaHealth raised $12 million in its Series A funding round led by Orios Venture Partners and 3one4 Capital, with participation from new investors Enzia Ventures and ITI Growth Opportunities Fund, along with existing backers Chiratae Ventures and Omidyar Network India.

The funding will accelerate its mission to transform the way surgical care is delivered and experienced across India, Hexahealth said in a press release.

Original story follows:

Healthcare platform HexaHealth is set to raise Rs 37 crore (approximately $4.3 million) in its ongoing Series A round led by Orios Venture Partners with the participation of Enzia Ventures and existing investors including 3one4 Capital, Chiratae Ventures, Omidyar Network, and others.

The board at HexaHealth passed a special resolution to issue 49,941 Series A3 compulsory convertible preference shares at an issue price of Rs 6,848 to raise the aforementioned sum, its regulatory filing accessed from Registrar of Companies (RoC) shows.

Orios Venture Partners will lead the round with an investment of Rs 12 crore, followed by Enzia Ventures contributing Rs 6 crore. 3one4 Capital, Chiratae Ventures, ITI Growth Opportunities Fund, and Omidyar Network will each invest Rs 4 crore. The remaining amount will be contributed by other individual investors.

The proceeds from this round will be used for working capital expenditures, marketing and general corporate purposes of the company, fillings added.

As per Entrackr’s estimates, the company is expected to be valued at Rs 314 crore (approximately $37 million) post-allotment of this round.

Founded in 2021 by Vikas Chauhan (ex-co-founder of 1mg), Ankur Girgas, and Aman Khanna, HexaHealth is a full-stack solution for patients requiring surgery. It streamlines the entire surgical journey—from diagnosis and doctor discovery to hospital admission, insurance assistance, second opinions, financing, and post-operative care—by partnering with leading hospitals like Fortis, Artemis, Manipal Hospitals, and others.

HexaHealth has raised $11.5 million to date, including a $4.5 million seed round in September 2021, as per data intelligence platform TheKredible. Post-allotment, new investor Orios Venture Partners will hold 3.82%, while 3one4 Capital and Chiratae Ventures will own 12.56% and 13.27% stakes, respectively.

On a year-on-year basis, the Gurugram-based company’s operating revenue grew over two-fold to Rs 17 crore in FY24 from Rs 8.2 crore in FY23. However, its net loss also spiked by 39% to Rs 36.4 crore during the same period.

Update at 2 PM, Wednesday: The story and headline have been updated to include more information from Hexahealth's official announcement.