Hoola Health, formerly BabyMD, secured $5 million in a funding round led by Peak XV's Surge to accelerate its expansion plans and technology development, focusing on neighbourhood paediatric clinics providing comprehensive child healthcare.
- Raised $5 million led by Peak XV's Surge for expansion
- Plans to grow from 5 to 35 clinics by 2028 in three cities
- Focuses on integrated child healthcare with digital support
What happened
Hoola Health, a paediatric healthcare startup based in Bengaluru and founded in 2024 by Deeksha Senguttuvan, has completed a $5 million funding round. The round was led by Peak XV Partners through its seed platform Surge, with participation from existing investors including W Health Ventures and several angel investors such as Ashish Gupta, Abhishek Goyal, and Bijou Kurien.
The company, which rebranded from BabyMD to Hoola Health to reflect its broader service offerings beyond infant care, provides neighbourhood clinics focused on paediatric consultations, vaccinations, diagnostics, developmental assessments, and therapy services supported by digital tools for parents.
Why it matters
Hoola Health operates in a niche paediatric healthcare segment addressing the growing demand for accessible and recurring child care outside of major hospitals. Its model combines physical clinics with digital health records and parental support tools, enabling continuous monitoring of child growth and development in local communities.
This approach caters to the needs of parents seeking convenient, development-focused paediatric care. The startup’s current metrics show strong customer retention with 60% monthly visits from returning families and a significant revenue contribution—around 35%—coming from developmental therapies.
What to watch next
Hoola Health plans a significant scale-up, targeting growth from five clinics primarily in Bengaluru to 35 centres over the next two years, expanding operations into Hyderabad and Delhi-NCR after consolidating its Bengaluru presence. Investment will also be directed towards enhancing the company’s technology platform to support integrated paediatric care delivery.
Additionally, the startup intends to expand its service portfolio into adjacent areas such as paediatric dental care, positioning itself as a comprehensive child healthcare provider. This could attract further investor interest amid increasing early-stage activity in India’s paediatric health sector.