Dineout founders Ankit Mehrotra and Sahil Jain have raised $4.5 million for their latest venture, The Medical Travel Company. The funding round was led by global venture capital fund Nexus Venture Partners.
The round also included investments by early-stage venture firm Kriscore Capital, along with cricketers Ben Stokes, Jofra Archer, and KL Rahul, who are cofounders of 4cast, an athlete-led collective and investment group.
Angel investors, including Swiggy cofounder Sriharsha Majety, Tracxn founder Abhishek Goyal, and Innov8 founder Ritesh Malik also participated in the round.
The startup plans to use the funds to scale up its operations, improve digital patient management systems, expand clinical partnerships across India, and accelerate market expansion.
“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,” Mehrotra told ET. “In the developed world, however, we’ve seen healthcare systems beginning to break down,” he added, pointing to the rising healthcare costs and long waitlists abroad.
Founded in 2024, the UK-and India-based medical travel startup connects patients in the UK with affordable healthcare options in India, offering UK doctor supervision throughout the process, post-surgery insurance, travel assistance, and in-house after-care and recovery logistics.
The medical tourism sector is already worth around $100 billion, though it remains largely unorganised. According to Mehrotra, close to 7.7 million people in the UK are on the waiting list for surgeries, with an average waiting time of about two years for treatment.
“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. The company works with around 25 top doctors in the UK and 20 in India.
While initially focussed on the UK, The Medical Travel Company plans to expand its model to other geographies facing similar challenges, including the US, Canada, Australia and the rest of Europe over the next three to four years.
The restaurant-tech platform Dineout was acquired by food delivery app Swiggy in 2022 from Times Internet in an all-stock deal worth about $120 million, or about Rs 930 crore. Dineout had been taken over by Times Internet, the digital arm of The Times of India Group, which publishes The Economic Times.
Commenting on the investment, 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.”
“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.
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The round also included investments by early-stage venture firm Kriscore Capital, along with cricketers Ben Stokes, Jofra Archer, and KL Rahul, who are cofounders of 4cast, an athlete-led collective and investment group.
Angel investors, including Swiggy cofounder Sriharsha Majety, Tracxn founder Abhishek Goyal, and Innov8 founder Ritesh Malik also participated in the round.
The startup plans to use the funds to scale up its operations, improve digital patient management systems, expand clinical partnerships across India, and accelerate market expansion.
“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,” Mehrotra told ET. “In the developed world, however, we’ve seen healthcare systems beginning to break down,” he added, pointing to the rising healthcare costs and long waitlists abroad.
Founded in 2024, the UK-and India-based medical travel startup connects patients in the UK with affordable healthcare options in India, offering UK doctor supervision throughout the process, post-surgery insurance, travel assistance, and in-house after-care and recovery logistics.
The medical tourism sector is already worth around $100 billion, though it remains largely unorganised. According to Mehrotra, close to 7.7 million people in the UK are on the waiting list for surgeries, with an average waiting time of about two years for treatment.
“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. The company works with around 25 top doctors in the UK and 20 in India.
While initially focussed on the UK, The Medical Travel Company plans to expand its model to other geographies facing similar challenges, including the US, Canada, Australia and the rest of Europe over the next three to four years.
The restaurant-tech platform Dineout was acquired by food delivery app Swiggy in 2022 from Times Internet in an all-stock deal worth about $120 million, or about Rs 930 crore. Dineout had been taken over by Times Internet, the digital arm of The Times of India Group, which publishes The Economic Times.
Commenting on the investment, 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.”
“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.
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