About Queens NRI Hospital
Queens NRI Hospital is a company based in Visakhapatnam (India) founded in 1994 by Vijaya Lakshmi Chalasani and Ranga Rao Chalasani was acquired by KIMS Hospitals in July 2024.. Queens NRI Hospital has raised $1.32 million across 2 funding rounds from investors including KIMS Hospitals, Biolara and VCR Park. The company has 95 employees as of April 05, 2024. Queens NRI Hospital offers products and services including Cardiology Services and Emergency Care Services.
- Headquarter Visakhapatnam, India
- Employees 95 as on 05 Apr, 2024
- Founders Vijaya Lakshmi Chalasani, Ranga Rao Chalasani
- Stage Minicorn
-
Sectors
Healthcare
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Chalasani Hospitals Private Limited
- Date of Incorporation 04 May, 2010
- Jurisdiction Visakhapatnam, Andhra Pradesh, India
-
Annual Revenue
$7.6 M (USD)-13.19as on Mar 31, 2023
-
Net Profit
$-620.21 K (USD)-232.67as on Mar 31, 2023
-
EBITDA
$791.22 K (USD)-60.8as on Mar 31, 2023
-
Total Equity Funding
$1.32 M (USD)
in 2 rounds
-
Latest Funding Round
$290.68 K (USD), Unspecified
May 29, 2023
-
Investors
KIMS Hospitals
& 2 more
-
Employee Count
95
as on Apr 05, 2024
-
Acquired by
KIMS Hospitals
(Jul 09, 2024)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Queens NRI Hospital
Queens NRI Hospital offers a comprehensive portfolio of products and services, including Cardiology Services and Emergency Care Services. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Cardiology and cardiac surgery services are provided for heart-related conditions, utilizing advanced equipment and specialist teams.
Emergency and critical care services are offered 24/7, including ambulance facilities and treatment rooms equipped for immediate interventions.
Funding Insights of Queens NRI Hospital
Queens NRI Hospital has successfully raised a total of $1.32M across 2 strategic funding rounds. The most recent funding activity was a Unspecified round of $290.68 thousand completed in May 2023. 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 2
- Last Round Unspecified — $290,678
-
First Round
First Round
(29 Aug 2022)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2023 | Amount | Unspecified - Queens NRI Hospital | Valuation | Biolara |
|
| Aug, 2022 | Amount | Unspecified - Queens NRI Hospital | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Queens NRI Hospital
Queens NRI Hospital has secured backing from 3 investors. Prominent investors backing the company include KIMS Hospitals, Biolara and VCR Park. 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 |
|---|---|---|---|---|
|
Provides platforms for cancer screening, diagnosis, treatment, and collaborative R&D initiatives.
|
Founded Year | Domain | Location | |
|
Provides platform for cancer research, training, and collaborative projects in oncology.
|
Founded Year | Domain | Location | |
|
Multispeciality secondary and tertiary care is provided by hospital chains.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Queens NRI Hospital
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Queens NRI Hospital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Queens Nri Hospital Comparisons
Competitors of Queens NRI Hospital
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Queens Nri Hospital
Frequently Asked Questions about Queens NRI Hospital
When was Queens NRI Hospital founded?
Queens NRI Hospital was founded in 1994 and raised its 1st funding round 28 years after it was founded.
Where is Queens NRI Hospital located?
Queens NRI Hospital is headquartered in Visakhapatnam, India. It is registered at Visakhapatnam, Andhra Pradesh, India.
Is Queens NRI Hospital a funded company?
Queens NRI Hospital is a funded company, having raised a total of $1.32M across 2 funding rounds to date. The company's 1st funding round was a Unspecified of $1.02M, raised on Aug 29, 2022.
How many employees does Queens NRI Hospital have?
As of Apr 05, 2024, the latest employee count at Queens NRI Hospital is 95.
What is the annual revenue of Queens NRI Hospital?
Annual revenue of Queens NRI Hospital is $7.6M as on Mar 31, 2023.
What does Queens NRI Hospital do?
Queens NRI Hospital was established in 1994 as a standalone multi-specialty facility in Visakhapatnam, India. A broad spectrum of clinical services is provided, encompassing cardiology, neurosciences, orthopedics, oncology, pediatrics, and emergency care. Advanced diagnostics, including CT and MRI scans, mammography, and endoscopy, are available alongside treatments such as minimally invasive cancer surgeries and laboratory medicine. Operations focus on comprehensive patient care across various specialties.
What products or services does Queens NRI Hospital offer?
Queens NRI Hospital offers Cardiology Services and Emergency Care Services.
Who are Queens NRI Hospital's investors?
Queens NRI Hospital has 3 investors. Key investors include KIMS Hospitals, Biolara, and VCR Park.
What is Queens NRI Hospital's valuation?
The valuation of Queens NRI Hospital is $25.49M as of May 2023.