As part of Aarogya Pay, QR codes will be installed at doctors’ clinics that patients can scan to avail instant medical loans at 0% interest and 3/6 EMIs.
A primary investment of Rs 194.4 crore has been made
Multiples is the first private equity (PE) investor in the company
The funding will enable the company to expand into the segment of HealthCare Service offerings, both in terms of geography and operations
The plan is to advance innovative therapies to drug-resistant cancers
Funds will be allocated to accelerate rapid production and high-end curation of whole genome sequences for its clinical application
The plant is expected to start commercial operations from Q4FY24
The round also saw participation from US-based fund 57 Stars, a few prominent angel investors, existing investors Stellaris Venture Partners, Vertex Ventures, and Alteria Capital
The launch of medical cannabis products resulted from an agreement between the two companies signed in 2021
The fund has already invested in seven companies including Medikabazaar, THB, Impact Guru, Stanplus, Ekincare, Qure.ai and HealthifyMe
Subscribe To Our Newsletter & Stay Updated
