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Dec, 21 2018

Alteria Capital invests Rs 25 crore in Portea Medical parent

The funds raised will be used by Portea to add new verticals and improve service offerings.

Venture debt firm Alteria Capital has invested Rs 25 crore in Bengaluru-based healthcare services venture Healthvista India Pvt Ltd, which provides home healthcare services under the Portea Medical brand.

The funds raised will be used by Portea to add new verticals and improve service offerings besides acquiring talent, growing in present geographies and expanding to newer markets.

Meena Ganesh, CEO of Portea, said, "They (Alteria Capital) are quick to understand the needs of the business and are long-term partners. Venture debt is a great alternative source of capital for high-growth businesses like Portea."

Vinod Murali, Managing Partner, Alteria Capital, stated, "Affordable, convenient healthcare at home is a great value proposition which is relevant not just for the Indian market but other emerging markets as well."

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