The Delhi-based company said it plans to use the proceeds of the investment to build 1,500 beds in 10 major Indian cities. Currently, HCAH operates 150 out-of-hospital beds in the National Capital Region, Hyderabad and Bengaluru in the transition care and long-term care, focused on physical rehabilitation and recovery, and elderly care.
HCAH said it will invest in its technology and data capabilities to improve efficiency, build scale and develop better products. HCAH said it has handled nearly 1 million patients with an 97% recovery rate during the pandemic and worked with the governments of Delhi, Punjab and Karnataka to deliver services at scale. “The out-of-hospital care model is witnessing rapid growth as more countries are leveraging it to deliver best-in-class outcomes,” cofounder Vivek Srivastava said.