Hola Health secures $10 million led by Woolworths Group subsidiary

Overnight the news broke in AFR and Capital Brief that M8 Ventures has participated in a Series A round extension for fast-growing Australian telehealth startup Hola Health. This is our second investment in Hola Health and takes the total raised for the Series A to AUD$10 million. The round was led by Healthylife, a Woolworths Group subsidiary.

The investment will establish Hola as Healthylife’s exclusive telehealth provider through the “Hola by Telehealth” platform. Healthylife customers will collect Woolworths Everyday Reward points with every telehealth consultation.

Since launching its telehealth platform in 2022, Hola Health has facilitated over 1 million telehealth consultations for almost 600,000 Australians. According to the Australian Bureau of Statistics, 25% of Australians used telehealth services in 2024, with over 80% reporting satisfaction and willingness to use the service again.

“At M8 Ventures we believe where Hola Health excels is in their ability to connect patients with healthcare professionals within 15 minutes, 24/7. This addresses a critical gap in the market. The founders are exceptional operators who understand both the healthcare landscape and technology implementation,” says Emily Rich, our General Partner.

Founded in 2020 by brothers Lenin and Thiru Rajendran along with Dr Vishnu Gopalan, Hola Health began as Packapill, offering medicine delivery services before expanding into telehealth in 2022. The platform connects patients with healthcare professionals within 15 minutes, operating 24 hours a day, 365 days a year. The company’s partnerships include Health Engine, HotDoc, Med Advisor, Symbion, TerryWhite, UberEats, and DoorDash.

“Our telehealth service is not intended to substitute customers’ relationship with their family doctor,” says Lenin Rajendran, co-founder and chief executive officer of Hola Health. “However, when you’re not able to see a doctor in person – online consultations are a quick and effective way to get medical advice, certificates, and prescriptions.”