Global Care secures ₹20 cr investment from 35North India Discovery Fund II

NEW DELHI: India’s largest non-hospital medical tourism company, Global Care – Lavanya Medicare Solutions Pvt Ltd, has announced a landmark investment of ₹20 cr from 35North India Discovery Fund – II (IDF-II) and its affiliates. This investment marks the first-ever partnership of its kind in the medical tourism sector, reflecting a significant development in the industry.

Ashwani Singh, Managing Director at 35North, expressed strong confidence in both Global Care and the broader sector. “We strongly believe in both the company and the sector. The sector is benefiting from cutting-edge medical care across specialities in India, Turkey, Dubai, Egypt, Germany, and Thailand. This is coupled with the availability of high-end medical equipment and the time and price competitiveness of these destinations. Global Care has been doing remarkable work in this sector, and we are looking forward to supporting their expansion with this investment,” Singh stated.

Rajeev Taneja, Founder and CEO of Global Care, highlighted the company’s global ambitions. “The company is now at the forefront of expanding healthcare services internationally and creating a global ecosystem of clinical services as healthcare consultants. We are committed to building clinical corridors and supporting patients who cannot be treated in their home countries,” Taneja said.

The investment from 35North IDF-II is set to advance Global Care’s mission to bridge healthcare divides globally. The funding will support the company’s efforts to build clinical excellence through strategic consulting and facilitate convenient access to world-class patient care.

Founded by Rajeev Taneja, a first-generation entrepreneur, Global Care has evolved from a small Indian proprietorship to a leading industry player. The company aims to serve medical patients from various regions including Eastern Africa, Francophone Africa, the Middle East, Central Asia, SAARC nations, South-East Asia, and North Africa. Under Taneja’s leadership, Global Care is on a path to achieving global prominence in the medical tourism sector.

India Discovery Fund – II (IDF-II) is a SEBI-registered Category I Angel Fund, focusing on discovering and nurturing future unicorns with strategic capital and board support. With investments in a diverse portfolio including SpeedLabs (Teevra Edutech), Nukleus Office Solutions, Cloud Tailor, and more, the fund supports promising startups across various sectors. The fund’s team of global industry veterans and alumni from prestigious institutions like London Business School, UBC, Columbia, and ISB provide essential operational, marketing, and financial support to enhance the growth of its investee companies.

This partnership between Global Care and 35North India Discovery Fund II represents a significant milestone in the medical tourism industry, promising enhanced healthcare solutions and access for patients worldwide.