NewEra Hospitals Raises Funding from Premji Invest to Scale High-End Care

The funding is expected to facilitate the establishment of three new hospitals in Nagpur, increasing the total capacity from 350 to 800 beds.

Premji Invest has announced a strategic investment aimed at expanding the NewEra Hospitals network, a multispecialty hospital platform based in Maharashtra.

The funding is expected to facilitate the establishment of three new hospitals in Nagpur, increasing the total capacity from 350 to 800 beds.

The investment is intended to deepen access to quaternary care in the region. NewEra Hospitals currently operates two facilities in Nagpur and an additional hospital in Navi Mumbai, where it has built a strong reputation for excellence in complex specialities, including neurosciences, transplant services, and cardiology.

NewEra Hospitals was founded in 2016 by veteran doctors Dr Anand Sancheti, Dr Nilesh Agrawal, and Dr Nidheesh Mishra

"We have always believed that quality quaternary care should not be a privilege restricted to patients in the larger cities. This investment gives us the infrastructure runway to fulfil that promise at scale," Dr Anand Sancheti, Co-Founder, NewEra Hospitals, stated.

Maharashtra-based NewEra Hospitals operates three hospitals across Nagpur and Navi Mumbai, with a combined capacity of 350 beds and a team of 250+ doctors and consultants. NewEra Hospitals serves a breadth of 30+ specialities, including neurosciences, organ transplant, and cardiology.

Sharing thoughts, Dr Nilesh Agrawal, Co-Founder, NewEra Hospitals, said, "From day one, our goal was never to build just another hospital, but to build an institution.''

The hospital further seeks to expand its footprint to 800 beds in the near term, positioning it as the leading quaternary care provider in Nagpur and one of Maharashtra's most significant regional hospital platforms.

Premji Invest (PI) is a global investment firm focused on emerging technologies and entrepreneurship. PI invests in both private and public markets, with a focus on early-stage ventures, growth equity, and buyouts in sectors such as financial services, technology, consumer goods, industrials, and healthcare.

"Structural gaps in India's healthcare delivery system persist. Nagpur, in particular, requires a higher bed density and an improvement in hospital infrastructure. NewEra Hospital's three founder doctors are focused on strengthening quality healthcare. We are backing an institution that has built strong clinical capabilities in Nagpur and Navi Mumbai, led by these three visionaries," said Prakash Chellam, Partner and Head of Healthcare and Life Sciences at Premji Invest.

Novem Advisors Private Limited, a mid-market investment banking firm founded by Shrenik Vora, served as the exclusive financial advisor to NewEra Hospitals for this transaction.

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