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...