The Medical Travel Company raises $4.5 million from Nexus Venture Partners

Dineout founders Ankit Mehrotra and Sahil Jain have raised $4.5 million for their new venture, The Medical Travel Company, in a funding round led by global VC firm Nexus Venture Partners.

The funding round also saw participstion from early-stage venture firm Kriscore Capital, along with cricketers Ben Stokes, Jofra Archer, KL Rahul, and angel investors, including Swiggy cofounder Sriharsha Majety, tracxn founder Abhishek Goyal, and Innov8 founder Ritesh Malik.

The funds will be used to scale operations in India and the UK, enhance digital patient management, and strengthen clinical partnerships, with plans to expand to the US, Canada, Australia, and Europe over the next three to four years.

Read also- Legal tech startup Lucio secures $5 Mn funding led by DeVC

In 2022, food delivery app Swiggy acquired restaurant-tech platform Dineout from Times Internet in an all-stock deal valued at approximately $120 million (₹930 crore).

“In India, post-Covid, there has been a massive amount of healthcare investment. There’s also been a significant reverse brain drain, with doctors from the US, the UK, and Europe returning to India to start their own practices or join world-class hospitals,” said Ankit Mehrotra, cofounder of The Medical Travel Company. “In the developed world, however, we’ve seen healthcare systems beginning to break down,” he added.

“We have a home-country doctor who plays a central role in the patient journey from day one. Then we have curated a list of top doctors in India, partnering only with the leading two or three hospitals,” said Jain. 

Pratik Poddar, partner at Nexus Venture Partners, said, “The medical tourism market holds immense untapped value…India has long been a leading medical frontier, with world-class practitioners and cutting-edge technology; it's about time this excellence is made globally accessible.”

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“Ankit and Sahil have already proven their ability to build at scale, and with The Medical Travel Company they are addressing one of the most urgent healthcare gaps,” said Nilesh Balakrishnan, managing partner, Kriscore Capital. 

About The Medical Travel Company

The Medical Travel Company was founded in 2024, the UK- and India-based startup connects UK patients with affordable healthcare in india, providing UK doctor supervision, post-surgery insurance, travel support, and in-house aftercare. 

Initially focused on the UK, the company plans to expand to the US, Canada, Australia, and Europe over the next three to four years.

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