Healthcare startup Superhealth’s proposed ₹100 crore funding round has undergone a change in its investor lineup, with entrepreneur and investor Ronnie Screwvala no longer participating. US-based venture capital firm TechU Ventures and several high-net-worth individuals (HNIs) have joined the round, sources told.
According to the sources, TechU Ventures and HNIs have committed approximately ₹50 crore towards the proposed fundraise. Meanwhile, Superhealth is in discussions with potential investors to secure the remaining ₹50 crore.
Screwvala’s proposed investment did not materialise after the two sides failed to reach an agreement on the terms, the sources said.
The latest development marks a shift from the funding plans reported in August, when Superhealth was reportedly in advanced discussions to raise around $10 million from Screwvala, co-founder of UpGrad, and other investors.
Founded in 2024 by Varun Dubey, a former chief revenue officer at Apollo Hospitals who also worked with ride-hailing company Ola, Superhealth is developing a hospital network centred on fixed-price medical procedures and a zero-commission clinical model.
The healthcare startup launched its first hospital in Bengaluru’s Koramangala in September 2025. Since then, it has sought to distinguish its business model through technology-driven hospital operations and unconventional marketing campaigns.
However, the company’s promotional strategy has attracted both social media attention and criticism. Superhealth recently faced scrutiny after reports emerged about its plans to organise rave parties at its hospitals. Its proposals to conduct similar events at temples also drew criticism, with questions raised about the suitability of combining religious spaces with entertainment-focused promotional activities.
On the technology front, Superhealth operates its hospitals using SuperOS, an internally developed artificial intelligence operating system. The platform manages clinical and administrative workflows across outpatient consultations, inpatient care, diagnostics, surgery scheduling, pharmacy services, and patient discharge.
The startup counts former India cricket captain Mahendra Singh Dhoni among its investors. Its other backers include venture capital firms Sparrow Capital, Boundless Ventures, and Panthera Peak, along with several angel investors.
The proposed fundraise comes as Superhealth prepares to expand its hospital network and scale operations. In August, it was reported that the healthcare startup was planning an expansion following its proposed investment discussions with Screwvala.
For Screwvala, the proposed investment would have represented his entry into the healthcare sector, complementing his existing portfolio across consumer businesses, artificial intelligence, edtech, deeptech and spacetech. His startup investments include Digantara, SpeakX, ZuAI, CuePilot AI, Grapevine, and TruFan.
