Healthspring, run by Wellspring Healthcare Pvt Ltd, delivers patient-centric primary healthcare through its Healthspring Community Medical Centres. Its clinics provide family medicine along with in-house pharmacy, radiology, pathology and minor procedure facilities, aiming to replicate the convenience of a modern ‘family doctor’. The company currently employs over 150 staff and runs eight centres in Mumbai. Management plans to expand aggressively to 170 centres over the next three-and-a-half years, initially targeting India’s six major metro areas before moving into tier-I cities such as Pune and Ahmedabad. Expansion will follow a lease model requiring roughly Rs 40-70 lakh per centre, and the firm expects to supplement equity with future debt financing. Healthspring has hired Mosaic Capital to arrange additional capital and expects to deploy the newly raised funds fully within three years.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

Jun 2013