Hoola Health secures $5M funding led by Peak XV’s Surge

Hoola Health, a Bengaluru-based paediatric healthcare startup formerly known as BabyMD, has raised $5 million in a round led by Peak XV’s Surge, with participation from existing investor W Health Ventures and angel investors including Ashish Gupta, Abhishek Goyal and Bijou Kurien.

The company said the new capital will be used to expand into new markets, strengthen its technology stack and scale its integrated care model.

Founded in Bengaluru in 2024 by Deeksha Senguttuvan, Hoola Health is building an integrated paediatric care ecosystem that combines consultations, vaccinations, developmental therapies and diagnostics inside child first clinics, supported by digital tools for families.

The rebrand from BabyMD to Hoola Health is meant to signal a wider ambition to serve children across more stages of growth.

The company said it already runs five clinics in Bengaluru, including centres in Bellandur, Electronic City, HSR Layout, Kasavanahalli Road, Varthur and Yelahanka, and has served more than 20,000 families in just 18 months.

Growth has been largely organic, according to the company, with more than 60% of new patients coming through word of mouth and over 60% of monthly visits coming from returning families. Nearly 35% of revenue comes from developmental therapies, which suggests that parents are willing to pay for longer term support rather than only one off consultations.

Hoola plans to open 30 more clinics across Bengaluru, Hyderabad and Delhi NCR over the next two years.

Senguttuvan highlighted that the paediatric care in India has been “fragmented for too long”. She noted that parents do not want to “navigate a hospital” for everyday needs such as vaccinations and consultations, and added Hoola is building “neighbourhood clinics where clinical excellence and a human experience go hand in hand”.

The timing fits a broader shift in Indian healthcare.

The Ayushman Bharat Digital Mission is building the backbone for an integrated digital health ecosystem, which means better linkage between records, services and patient journeys.

 The National Health Mission’s 2026 to 27 priorities continue to stress maternal and child health, immunisation and primary care, while the U WIN vaccination platform has expanded across 65 districts in 36 states and union territories to improve real time tracking of child immunisation.

Investor appetite in healthcare and healthtech also remains visible in India. Recent examples include Orange Health, which has raised $50 million to date, Qure.AI, which has raised $125 million, and Healthify, which has raised $122 million.

At the larger end of the market, Manipal Health’s $1.17 billion IPO filing shows continued interest in scaled healthcare assets, even as the sector faces the twin pressures of expanding access and improving efficiency.