Sunday, May 26

Tag: Apollo hospitals

Non-profit, Crowdfunding Heathcare Platform Raises $2 Mn Funding
FUNDING

Non-profit, Crowdfunding Heathcare Platform Raises $2 Mn Funding

ImpactGuru, India’s most prominent healthcare, nonprofit and crowdfunding platform, recently raised a $2 million in a Series A funding round co-led by Apollo Hospitals Group and Venture Catalysts. Existing investor, RB investments, a VC fund based in Singapore, also participated in the funding round along with India’s largest health-tech fund, Currae Healthtech Fund. The investment round also saw the participation of several family offices from US, Southeast Asia and Middle East. "Donation crowdfunding is a proven business model in US, UK, and China with platforms seeing exponential growth year on year. With this round of funding, ImpactGuru.com is well positioned to become the market leader in India," said investor, Harsh Bothra from RB Investments. The funds raised will serve to sc...
Apollo Hospitals Setting up $100 Million Seedfund For Healthcare Startups
FUNDING

Apollo Hospitals Setting up $100 Million Seedfund For Healthcare Startups

Apollo Hospitals announced a seed fund for healthcare startups in India. The announcement came at the 15th edition of Bio Asia 2018 – Asia’s biggest life sciences and healthcare conference, held in Hyderabad, Telangana. Sangita Reddy, Joint Managing Director of Apollo Hospitals in an interview with Telangana today said, "The total Seedfund investment size will be from $50 million to $100 million. Initially we will invest a token amount from $5 million to $10 million. We are running the accelerator part of the activity. A range of startups are approaching us which are in Healthtech and science-tech.” One of India’s largest private hospital chains, Apollo Hospitals is first to introduce robotic surgery in India. Apollo Hospitals will sign a formal memorandum of understanding with IB...