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Health-Tech Startup Portea Medical Gulps In $37.5 Million To Further Expand In India, Go Global

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Startups trying to organise and better India’s healthcare sector using technology as their driver, have finally started to see major money coming in for them. After Practo’s massive $90 Million round a while back, Portea Medical, a healthtech startup which provides in-home healthcare solutions to patients, has fetched $37.5 Million from Accel, Qualcomm Ventures and others to further expand India footprint.

With fresh capital coming in, Portea Medical is looking to deepen its India footprint, while expanding gradually into countries with similar healthcare needs as India’s. For example, the company has started operations in Malaysia as well, though at a very nascent stage.

Creating benchmarks in how healthcare is delivered directly to your home in India, Portea provides doctors, nurses, and physiotherapists for home visits who have passed the company’s rigorous hiring standards and have had their backgrounds and medical knowledge verified by senior doctors. While providing basic healthcare services, Portea also facilitates lab tests at home and medical equipment rentals.

Founder by US residents Zachary Jones and Karan Aneja in 2012, Portea Medical was acquired by serial entrepreneur duo K Ganesh and Meena Ganesh’s GrowthStory in 2013.

In an interview given to The Economic Times a while back, Portea CEO Meena Ganesh had said,

We are finding that some of the countries have a similar characteristics, demographics and needs that India has. Currently our expansion is primarily in Malaysia, and the business is still in infancy as far as Southeast Asia is concerned.

Portea Medical says that all of its clinical procedures were developed in consultation with leading home healthcare professionals in the United States (considering the actual origination of the company), making sure that Indians receive only the highest quality medical care. All of Portea Medical’s doctors are members of international medical accreditation bodies.

This will be Portea Medical’s second major round. The company had earlier raised a $9 Million Series A round from Sequoia Qualcomm Ventures and Ventureast in December 2013. It is currently providing services in 24 Indian cities and plans to touch base in Malaysia at a nascent level.


 

Editor-at-large and co-founder at The Tech Portal. He is a tech enthusiast with interests in new-age technology fields like Ai, Machine Learning, AR/VR, Outer Space and related stuff. Drop him a mail anytime, very reachable.


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