# Wellspring Healthcare Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/wellspring-healthcare-pvt

- Industry: Healthcare IT
- Headquarters: Mumbai, India
- Website: www.healthspring.in
- Total disclosed funding: $13M
- Latest round: Series G (Oct 4, 2022)
- Investors on record: 6

## About

Wellspring Healthcare Pvt. Ltd. is an India-based company that specializes in delivering proactive and accessible healthcare solutions tailored for various clients, including corporations, families, and individuals.Founded in 2010 in Mumbai, India, Wellspring Healthcare Pvt. Ltd. is focused on providing a wide range of healthcare services. The company has successfully closed a total of 8 deals, with the most recent deal occurring on August 14, 2023, when it raised USD 11 mn in funding from the International Finance Corporation. The company has not undergone any notable business pivots or changes in operations since its inception. The current CEO is Sean Downs.Wellspring Healthcare specializes in accessible healthcare solutions, providing a comprehensive suite of medical services that includes preventative care, personalized consultations, and specialized treatments in disciplines like dentistry and physiotherapy. They focus on delivering a seamless patient experience through a robust operational network, ensuring effective service delivery and patient management primarily in urban areas across India.In 2023, Wellspring Healthcare reported a revenue of USD 14,829,589.80 with an EBITDA of USD 1,515,856.80. Their revenue generation model is based on direct consumer interactions, service subscriptions, and corporate partnerships, ensuring consistent business flow through various medical services and home healthcare solutions.Wellspring Healthcare plans to leverage the recent funding of USD 11 mn raised in August 2023 to expand its services and offerings. The company is exploring the launch of new healthcare products and targeting expansion into additional urban markets across India. Specific details on product releases or geographical targets have not been disclosed, but the funding will support these strategic initiatives.

## Funding rounds

- Series G, Oct 4, 2022, $4.3M — Sabre Partners
- Series B, May 9, 2013, $4M — Asian Healthcare Fund, Catamaran Ventures, Castle Investments
- Series A, Feb 21, 2011, $4.3M — BlueCross BlueShield Venture Partners, Reliance Ventures, Catamaran Ventures

## Investors

- BlueCross BlueShield Venture Partners (https://capitalatlas.ai/funds/bluecross-blueshield-venture-partners) — Series A
- Reliance Ventures — Series A
- Catamaran Ventures (https://capitalatlas.ai/funds/catamaran-ventures) — Series A, Series B
- Asian Healthcare Fund (https://capitalatlas.ai/funds/asian-healthcare-fund) — Series B
- Castle Investments — Series B
- Sabre Partners (https://capitalatlas.ai/funds/sabre-partners) — Series G