An Ernst & Young and Ficci report reckons that public or government funding of healthcare should be raised to between 3.7 per cent and 4.5 per cent of gross domestic product from 1 per cent at present to achieve universal healthcare over a period of ten years.
Hyderabad-based eHealth Access, an online healthcare startup that earlier provided medical consultation services over chat and telephone under the brand name Dialurdoctor, plans to open talks with investors for second round of funding after the third quarter of the current year. The company recently raised $ 0.37 million (Rs 2 crore) in angel funding from [...]
Sequoia Capital-backed Vasan Healthcare has raised $100 million as part of a growth round of funding from sovereign wealth fund Government of Singapore Investment Corporation (GIC). This is the Chennai-based eye and dental care hospitals chain’s fourth round of private equity funding. It earlier raised $50 million from Sequoia Capital and WestBridge Capital over multiple rounds. [...]
Vaatsalya Healthcare, the Bangalore-based startup that pioneered affordable and quality hospitals for small towns and semi-urban consumers, has a new mission in 2012. It wants to set up a residential training school for nursing and paramedical staff, at an initial investment of $1.5 million. This will help the company address the talent shortage problem that [...]
Matrix Partners India has announced a $9.95 million (Rs 45 crore) Series A investment in Bangalore-based Kids Clinic India, which delivers maternity and infant care under the brand name Cloudnine. This is Mumbai-based Matrix’s second investment in the niche healthcare segment. It had invested $11.05 million in eye hospitals chain Centre for Sight last October. [...]
![[Scoop] Vaatsalya to raise $10 mn Series C round](http://i2.wp.com/startupcentral.in/wp-content/uploads/2011/05/hUBL.jpg?resize=315%2C157 "[Scoop] Vaatsalya to raise $10 mn Series C round")
Bangalore-based Vaatsalya Healthcare is close to stitching up a $10 million Series C venture capital round from new and existing investors. This will take the total capital raised by the company, which runs 11 low-cost hospitals in Tier II and III Indian cities, to $16.7 million. The fresh round of funding is expected to see [...]
Matrix Partners India has invested Rs 50 crore in Delhi-based specialty eye hospitals chain Centre for Sight (CFS), which currently operates in ten locations across North India. The company plans to set up five more hospitals by the end of the year, said a press release. The company was started in 1996 by ophthalmic surgeon [...]
Some news for healthcare entrepreneurs. The Piramal Prize 2010 is inviting applications from high-impact business models and ideas that address India’s healthcare crisis. There are two categories — emerging ventures and established organizations. The winner in the emerging ventures category, who must be less than three years old, will receive structured funding worth Rs 10 [...]
Accelerator to angel to VC flow still struggling to find equilibrium in India
I had fun moderating the panel on early stage financing at India Internet Day. VCCircle has an interesting article. The key issues are as under: 1. Too few deals are progressing from accelerators to angel, and from angel to Series A. Only five per cent of deals going from accelerators to Series A might not [...]
The early ecommerce marketplace pioneers: eBay class of 2000-2005
TechCrunch recently published an article I wrote about how the eBay class of 2000-2005 helped shape ecommerce in Silicon Valley and continues to innovate and move the sector forward. By understanding what shaped this class’ experience and examining where these alums are today, we identified the most important industry trends and start to see a [...]
The founder’s guide to surviving the Series A crunch
The Indian entrepreneurship and venture capital ecosystem is fast maturing. Today we have more early stage funds than ever. This fund availability will only improve, aside from the temporary blips caused due to macroeconomic ups and downs. We are in one such ‘crunch’ today, where even though seed and angel funds are writing cheques with [...]
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