Everhope Oncology Raises $10 Mn Seed Funding To Open Cancer Care Centers

Everhope Oncology, a partnership between Narayana Health and a venture capital firm, has raised $10 million in seed funding round to open cancer care centers in Delhi and Mumbai. 

They plan to expand to 10 cities in the next three years.

This is the largest healthcare seed funding round in the past 24 months. The centers will offer services such as diagnosis, treatment, and care for cancer patients, including chemotherapy, radiation, surgery and palliative care.

In India, there is a shortage of oncologists, with just one for every 2,000 cancer patients, compared to one per 100 in the US. This leads to long wait times, patient anxiety, and doctor burnout. High treatment costs, poor access, and cancer stigma also contribute to many cases being diagnosed too late, which increases the risk of death.

Everhope Oncology plans to solve these issues by creating specialized chemotherapy and surgery centers. These centers will provide a clean, comfortable environment with personalized care, short wait times, and a better experience for patients. Experienced oncologists, in collaboration with Narayana Health, will follow global treatment standards to ensure the best outcomes. 

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Everhope will also offer additional services like mental health support, nutrition advice, and pain management. A 24/7 care concierge service will help patients between treatments, guiding and assisting them throughout their journey.

"The rapid rise in cancer incidence is a growing health crisis in India. Today, an estimated 8 million Indians live with cancer and projections suggest that one in nine will develop the disease in their lifetime," the company said. 

Viren Shetty, vice-chairman of Narayana Health, said, "Most people visualise cancer treatment as thin and frail people stuck with hundreds of tubes, walking from one crowded hospital room to another. This is why most of us avoid cancer screening and seek out non-scientific treatment options. We want to change the common misperceptions of curing cancer. Globally, most cancer therapies—chemotherapy, surgery, palliative care, radiation, consultations—are conducted in comfortable, dedicated spaces in retail locations far away from hospitals. With Everhope, we aim to provide patients with best-in-class onco-therapies in comfortable suites close to their homes, where they can get treated in a crowd-free environment and go about the rest of their day."

Pankaj Jethwani, managing partner at W Health Ventures, said, “As we work towards solving pressing healthcare issues, our collaboration with Narayana Health marks a significant step forward. Globally, cancer care has seen remarkable innovation—from daycare chemotherapy infusion centres to advanced diagnostics for early detection and breakthrough therapies like CAR-T. With Everhope, we aim to drive oncology innovation in India, working alongside entrepreneurial oncologists across the country who are eager to become business owners.”

Cancer care has become one of the fastest-growing areas in multi-specialty hospitals. At the same time, there is a big opportunity to open more cancer-focused centers. This growth is driven by more patients needing care, the financial success of specialized cancer centers, growing business interest from oncologists, and more patients being aware of their treatment options and seeking the best care when they are diagnosed.

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