About Nova Specialty Hospitals
Nova Specialty Hospitals is a company based in Bengaluru (India) founded in 2009 by Mahesh Reddy, Raghu Krishnan, and Vellur Narayana Shiva Shankar was acquired by Apollo Hospitals in January 2015.. Nova Specialty Hospitals has raised $113.04 million across 8 funding rounds from investors including Goldman Sachs, Apollo Hospitals and Asia Healthcare Holdings. The company has 5 employees as of April 06, 2024. Nova Specialty Hospitals operates in a competitive market with competitors including AB Hospitals and Nidan Health Care, among others.
- Headquarter Bengaluru, India
- Employees 5 as on 06 Apr, 2024
- Founders Mahesh Reddy, Raghu Krishnan, Vellur Narayana Shiva Shankar
- Stage Minicorn
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Sectors
Healthcare
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nova Medical Centers Private Limited
- Date of Incorporation 07 Jan, 2009
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$52.11 M (USD)31.63as on Mar 31, 2023
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Net Profit
$104.73 K (USD)107.7as on Mar 31, 2023
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EBITDA
$7.72 M (USD)90.32as on Mar 31, 2023
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Total Equity Funding
$113.04 M (USD)
in 8 rounds
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Latest Funding Round
$8.85 M (USD), Angel Round
Jul 24, 2022
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Investors
Goldman Sachs
& 10 more
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Employee Count
5
as on Apr 06, 2024
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Acquired by
Apollo Hospitals
(Jan 06, 2015)
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Funding Insights of Nova Specialty Hospitals
Nova Specialty Hospitals has successfully raised a total of $113.04M across 8 strategic funding rounds. The most recent funding activity was a Angel Round round of $8.85 million completed in July 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 8
- Last Round Angel Round — $8.8M
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First Round
First Round
(25 Jul 2009)
- Investors Count 10
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2022 | Amount | Angel Round - Nova Specialty Hospitals | Valuation | Asia Healthcare Holdings | |
| Oct, 2013 | Amount | Series C - Nova Specialty Hospitals | Valuation | Goldman Sachs | |
| Aug, 2012 | Amount | Series C - Nova Specialty Hospitals | Valuation | Goldman Sachs |
| 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 Nova Specialty Hospitals
Nova Specialty Hospitals has secured backing from 11 investors, including angel, venture fund, and institutional investors. Prominent investors backing the company include Goldman Sachs, Apollo Hospitals and Asia Healthcare Holdings. 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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Investment and management of healthcare enterprises in Asia.
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Founded Year | Domain | Location | |
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Investment banking services are delivered across multiple financial sectors.
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Founded Year | Domain | Location | |
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Venture capital investments are offered to startups by NEA.
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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 Nova Specialty 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 - Nova Specialty 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 |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nova Specialty Hospitals Comparisons
Competitors of Nova Specialty Hospitals
Nova Specialty Hospitals operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as AB Hospitals and Nidan Health Care, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Ambulatory surgery centers are operated as a chain in India.
|
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| domain | founded_year | HQ Location |
Diagnostics services are offered via a chain of clinics.
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| 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 Nova Specialty Hospitals
Frequently Asked Questions about Nova Specialty Hospitals
When was Nova Specialty Hospitals founded?
Nova Specialty Hospitals was founded in 2009.
Where is Nova Specialty Hospitals located?
Nova Specialty Hospitals is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Is Nova Specialty Hospitals a funded company?
Nova Specialty Hospitals is a funded company, having raised a total of $113.04M across 8 funding rounds to date. The company's 1st funding round was a Series C of $41.89M, raised on Jul 25, 2009.
How many employees does Nova Specialty Hospitals have?
As of Apr 06, 2024, the latest employee count at Nova Specialty Hospitals is 5.
What is the annual revenue of Nova Specialty Hospitals?
Annual revenue of Nova Specialty Hospitals is $52.11M as on Mar 31, 2023.
What does Nova Specialty Hospitals do?
Nova Specialty Hospitals was established in 2009 in Bengaluru, India. Ambulatory surgery centres are managed as a chain within the healthcare sector. Services are delivered in specialties including orthopedics, bariatric surgery, laparoscopic procedures, and general surgery. Operations focus on outpatient care, with facilities located primarily in India to support varied medical needs.
Who are the top competitors of Nova Specialty Hospitals?
Nova Specialty Hospitals's top competitors include Nidan Health Care and AB Hospitals.
Who are Nova Specialty Hospitals's investors?
Nova Specialty Hospitals has 11 investors. Key investors include Goldman Sachs, Apollo Hospitals, Asia Healthcare Holdings, GTI Capital Group, and Manish Banker.
What is Nova Specialty Hospitals's valuation?
The valuation of Nova Specialty Hospitals is $163.59M as of Jul 2022.