India, June 10 -- Bengaluru-based startup Hoola Health, formerly known as BabyMD, India's first holistic paediatric healthcare brand, has raised $5 million in funding, led by Peak XV's Surge, with participation from existing investor W Health Ventures, doubling down on its commitment to the company, and angel investors including Ashish Gupta, Abhishek Goyal, Bijou Kurien, and other individual investors.

The capital will be used to support expansion into new markets, strengthen technology capabilities and scale Hoola Health's integrated care model.

Paediatric care in India has remained largely unchanged for decades, even as expectations around accessibility, infrastructure and holistic support have evolved. Young families are increasingl...