Hyderabad-based LivLife Hospital, a boutique hospital chain, is planning to raise Rs 50 crore in the next three months to support its pan-India expansion plan.
LivLife, which started its operation in 2011, currently runs two hospitals in Hyderabad and Vijayawada.
Based on a boutique hospital concept, it offers integrated healthcare and custom-made solutions for bariatric treatment, advanced laparoscopic surgeries, cosmetic dermatology, etc.
The hospital chain has plans to set up 10 such centres pan-India over the next two years with an total investment of Rs 100 crore.
“So far, we are self-funded. But for our proposed expansion plan, we are planning to raise around Rs 50 crore from HNIs (high networth individuals) and venture capital players over the next three-four months,” Nandakishore Dukkipatti, managing director of LivLife Hospital, told Business Standard, adding that the rest would be internally funded.
“Many VCs have shown interest in investing in the venture, seeing the immense growth potential in this segment in future,” he added.
“We are receiving a good response from patients in the city. So far, we have treated 300 patients and are seeing a month-on-month growth in the number of patients coming for the treatment,” he added.
Dukkipatt pointed out, “Of the total 1.2 billion population in India, around 9% of the population suffers from obesity and the number is growing. On the other hand, there are only a handful of obesity surgeons, roughly around 200 specialists in the country.”