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, 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 centres pan-India over the next two years with an investment of total Rs 100 crore.
“"So far, we had been 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 the rest would be internally funded.
“Many VCs have shown interest in the venture seeing the immense growth potential in this segment in future,” he added.
He said they had treated 300 patients.
Dukkipatti pointed out, “Of the total 1.2 billion population in India, around 9 per cent suffers from obesity and the number is growing. There are only a handful of obesity surgeons — roughly around 200 specialists in the country.”
