Is the future of healthcare digital? This question resonates more than ever with the recent accolade bestowed upon Hola Health, an Indian Australian health tech startup that has made significant strides in revolutionising telehealth and medicine fulfilment services in Australia. This Perth-based company has been named among the top five fastest-growing new companies in the country, marking a significant achievement in a highly competitive sector.
This recognition comes from the prestigious Australian Financial Review’s Fast Starters list, which annually identifies the 100 fastest-growing startups and young companies in Australia. Hola Health’s journey from a modest beginning with a revenue of around $100,000 in 2020/21 to a staggering $3.8 million in the last financial year exemplifies a success story in the tech-driven healthcare domain. The company is on a robust growth trajectory, expected to surpass $10 million in revenue by the end of this financial year.
The AFR’s accolade highlights Hola Health as a standout performer in the health industry category. Lenin Rajendran, the CEO of Hola Health, credits this achievement to the company’s mission of enhancing healthcare accessibility. This is particularly pertinent in a scenario where nearly half of all Australian patients seeking urgent care have to wait for more than 24 hours for treatment. Hola Health addresses this gap by providing a streamlined solution to ensure timely and quality healthcare for all Australians.
Founded in Perth in 2020 by Lenin and his brother Thiru, along with Dr Vishnu Gopalan, Hola Health has evolved into a robust platform that seamlessly connects patients, pharmacies, and doctors, breaking the barriers of location and time. This platform’s development under the guidance of Dr Gopalan, a prominent figure in Western Australia’s healthcare scene, has been pivotal in its success.
Three years since its inception, Hola Health has catered to 250,000 patients, reflecting its growing influence and trust in the healthcare sector. Lenin Rajendran expresses his excitement over the company’s recognition as one of the nation’s fastest-growing startups. This growth is complemented by the expansion of services offered by Hola Health, including the recent addition of bulk-billed online consultations for Mental Health Treatment Plans.
The Fast Starters list not only acknowledges Hola Health’s impressive Compound Annual Growth Rate (CAGR) of revenue over three years but also underscores the innovative spirit driving Australian enterprises. Hola Health’s success story is a beacon of inspiration and a testament to the transformative power of technology in healthcare.
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Hola Health, an Australian-Indian health tech #startup, earns a spot on the Fast Starters list, showcasing its remarkable growth in revolutionising telehealth & medicine fulfillment services. 🚀💉🌐🏥📈 #TheIndianSunhttps://t.co/hxuDv91ysC
— The Indian Sun (@The_Indian_Sun) December 6, 2023
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