HCAH will use the capital to fund its expansion to new cities, including Bangalore, Hyderabad and Kolkata
Noida-based home healthcare services provider, Health Care At Home India Pvt Ltd, has raised $40 million (Rs 250 crore) funding from healthcare-focused private equity firm, Quadria Capital Advisors Pvt Ltd.
Health Care At Home India (HCAH India) is a joint venture between the Burmans, promoters of FMCG major Dabur India Ltd, and the founders of UK-based Health Care At Home.
Sunil Thakur, Director & COO, Quadria Capital, said, “We have committed to a milestone-based investment of up to $40 million in Health Care At Home India.”
He added, “We see huge potential in this space, especially with the convergence of high-skill-based critical care support at home and pharma services centred on patient-support and patient-access. We will be working with the company to ramp up unique models like chemo at home, high-end drug infusion and introduce products like dialysis at home, therapies for chronic disease including digital therapy.”
HCAH will use the capital to fund its expansion to new cities, including Bangalore, Hyderabad and Kolkata.
Vivek Srivastava, Co-Founder & CEO, HCAH India, “We also plan to use the funds to deepen our offerings both in the B2C and B2B (pharma) segment,”
He said, “The company plans to roll out a series of clinical initiatives and offer cancer care services.”