Wellness Franchise Opportunities

Investments Dec, 13 2016

​Apollo Health receives 450 crore INR from IFC

Apollo Health and Lifestyle will use the money to expand its network of clinics, cradle and diagnostic centres.

By Franchise India Bureau
​Apollo Health receives 450 crore INR from IFC

Apollo Health and Lifestyle Limited (AHLL), an Apollo Group initiative to take healthcare services from the hospitals and also a leading player in the retail healthcare segment, has received a Rs450 crore investment from International Finance Corporation and IFC Asset Management Company.

Apollo Health and Lifestyle will use the money to expand its network of clinics, cradle and diagnostic centres.

Accel, a leading early- and growth-stage venture capital firm, has closed its fifth India fund of USD 450 million, which it will exclusively invest in seed and early stage start-ups across sectors such as consumer, enterprise/SaaS, financial technology, India B2B and healthcare.

Some ventures that Accel has invested in include BookMyShow, BlueStone, CommonFloor (since acquired by Quikr), Flipkart, FreshDesk, Myntra, Portea, Swiggy, TaxiforSure (since acquired by Ola) and UrbanClap.

More than 80 per cent of its over 100 investments in India started out as seed investments.

Jungle Ventures, a Singapore-based venture capital firm, has closed its second fund of USD 100 million.

The new fund will focus on Series A and Series B investments in South East Asia, India and Australia. Jungle Ventures has invested in Indian companies such as RedDoorz, Livspace, Moglix, Pokkt and ZipDial (since acquired by Twitter).

Shiksha Financial Services India Pvt Ltd, which provides loans to private schools in urban and semi-urban areas to improve education infrastructure, has raised about Rs 6.6 crore (USD1 million) from Aspada Investment Company with co-investment from the Michael and Susan Dell Foundation.

Shiksha will use the money to strengthen its technology backbone, launch more products and expand into new markets. It will enable the company to provide loans to over 2,300 schools in the next three years. Shiksha also provides loans to middle- and low-income families to finance school fees.

SARE Homes has raised Rs 450 crore from financial solutions company Altico Capital and global private equity investor KKR. It will use the money for a township project in Gurugram. Altico’s contribution of Rs 315 crore will be used to refinance existing debt and towards project expenses, while KKR has provided an additional Rs 120 crore for construction, augmenting its existing facility of Rs 95 crore.

Related: ​Flipkart invests USD 1 milliom in a 3D Printing startup Supercraft 3D

Click Here to add Comment
Please add your Comment
Rating

Newsletter Signup

Submit your email address to receive the latest updates on news & host of opportunities from Wellness India.

Video

Magazines & Books

Read the latest franchising magazines and books to get comprehensive and up-to-date information on leading franchise systems, trends and more.


Newsletter Signup
Submit your email address to receive the latest updates on news & host of opportunities.
Well Ness India

Copyright © 2009 - 2017 Franchise India Holdings Ltd.

The information contained herein is of generic nature only, and Franchise India is not, by means of this website or any part thereof, rendering professional advice or services. Before making any decision or taking any action that might affect your finances or business, you should consult a qualified professional advisor. Your use of this website or any of its pages or links given, is at your own risk and you assume full responsibility and risk of loss resulting from your usage. With respect to use of the website, kindly visit www.franchiseindia.com/terms.