Velocity Raises $48.0M Series A to

Marengo Asia Hospitals

Established on 21 October 2020, Marengo Asia Hospitals is an integrated network of multi-speciality hospitals dedicated to providing tertiary and quaternary care, creating ‘Centers of Excellence’ across clinical specialties, and adopting a ‘patient first’ approach. The Company was first registered from the residence of its Founder, Dr. Raajiv Singhal in Gurgaon—reflecting his personal commitment, hands‑on leadership, and entrepreneurial conviction. From these beginnings, Marengo Asia has evolved into a founder- entrepreneur led, institutionally backed hospital platform , supported by leading private equity and prominent Indian family offices, while remaining steadfastly focused on long‑term value creation. We are operating over 2,500 beds across eight multi-specialty hospitals. We span our presence across Delhi NCR, Gujarat, Uttar Pradesh, and the Kingdom of Saudi Arabia supported by a team of 1000+ doctors and 6,400 employees. Marengo Asia Hospitals is built on the foundation of the 4A's: Accessibility, Affordability, Awareness, and Accountability. While the first three are widely emphasized in the healthcare industry, it is Accountability that sets us apart. Dr. Raajiv Singhal has been a strong proponent of fostering global healthcare collaborations to deliver accessible, affordable, and accountable care closer to communities. Our network is proud to advance the International Clinical Corridor, an innovative collaboration between its experts and the health ministries of partner countries to establish Centres of Excellence (COE) based on Teach, Train & Treat (3T’s) principles. Through this initiative, doctors, nurses, and healthcare staff from partner countries receive comprehensive training in India. Marengo Asia Hospitals is committed to fostering an environment of healing, innovation, and trust, serving as a cornerstone of health and care in the communities it serves.

Airbound

Airbound is building the world's most advanced drones to reduce the cost of delivery by over 137x. By improving structural efficiency by 7x and aerodynamics by 6x, our drones create a world where no delivery costs more than a nickel.

Creedom

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