About Kingsway Hospitals
Kingsway Hospitals is a company based in Nagpur (India) founded in 2017 was acquired by KIMS Hospitals in August 2022.. Kingsway Hospitals has raised $24.64 million across 3 funding rounds from investors including KIMS Hospitals, Monika Kotapalliwar and Sagar Agrawal.
- Headquarter Nagpur, India
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Spanv Medisearch Lifesciences Pvt. Ltd
- Jurisdiction Nagpur, Maharashtra, India
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Annual Revenue
$21.01 M (USD)58.88as on Mar 31, 2022
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Net Profit
$-4.55 M (USD)-102.24as on Mar 31, 2022
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EBITDA
$718.61 K (USD)-16.45as on Mar 31, 2022
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Total Equity Funding
$24.64 M (USD)
in 3 rounds
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Latest Funding Round
$1.86 M (USD), Series A
Jan 28, 2022
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Investors
KIMS Hospitals
& 32 more
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Employee Count
Employee Count
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Acquired by
KIMS Hospitals
(Aug 30, 2022)
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Funding Insights of Kingsway Hospitals
Kingsway Hospitals has successfully raised a total of $24.64M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.86 million completed in January 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $1.9M
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First Round
First Round
(15 May 2019)
- Investors Count 32
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2022 | Amount | Series A - Kingsway Hospitals | Valuation |
investors |
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| May, 2021 | Amount | Series A - Kingsway Hospitals | Valuation | Sparkmallandparkingsolutions | |
| May, 2019 | Amount | Series A - Kingsway Hospitals | Valuation | Rajan Barokar |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Kingsway Hospitals
Kingsway Hospitals has secured backing from 33 investors, including angel investors. Prominent investors backing the company include KIMS Hospitals, Monika Kotapalliwar and Sagar Agrawal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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MK
Monika Kotapalliwar |
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Founded Year | Domain | Location |
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SA
Sagar Agrawal |
Co-founder of Beams Fintech, active angel investor in Indian startups
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Founded Year | Domain | Location |
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AS
Atul Somani |
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Kingsway Hospitals
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Kingsway Hospitals
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Kingsway Hospitals Comparisons
Competitors of Kingsway Hospitals
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Kingsway Hospitals
Frequently Asked Questions about Kingsway Hospitals
When was Kingsway Hospitals founded?
Kingsway Hospitals was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Kingsway Hospitals located?
Kingsway Hospitals is headquartered in Nagpur, India. It is registered at Nagpur, Maharashtra, India.
Who is the current CEO of Kingsway Hospitals?
Abhinay Bollineni is the current CEO of Kingsway Hospitals.
Is Kingsway Hospitals a funded company?
Kingsway Hospitals is a funded company, having raised a total of $24.64M across 3 funding rounds to date. The company's 1st funding round was a Series A of $18.81M, raised on May 15, 2019.
What is the annual revenue of Kingsway Hospitals?
Annual revenue of Kingsway Hospitals is $21.01M as on Mar 31, 2022.
What does Kingsway Hospitals do?
Kingsway Hospitals was established in 2017 as a standalone multispecialty facility in Nagpur, India. Healthcare services across various specialties are provided through its operations, focusing on patient care in a dedicated hospital setting. The organization is managed by key executives including a Chief Executive Officer and Managing Director, with emphasis on regional medical delivery in the Indian healthcare sector.
Who are Kingsway Hospitals's investors?
Kingsway Hospitals has 33 investors. Key investors include KIMS Hospitals, Monika Kotapalliwar, Sagar Agrawal, Atul Somani, and Shailendra Ganjewar.