Home healthcare service provider Portea Medical, is in talks to raise $25 million from private equity firm Sabre Capital and its existing investor Accel Partners in Seriec C Round.
About the company
Portea Medical offers a range of in-home healthcare facilities like physiotherapy, nursing, attendant/home health aide, doctor consultations and many others.
The firm manages over 1,20,000 visits per month across 16 cities and has about 4,500 employees.
The Investments around
Portea Medical raised $37.5 million from Accel Partners, IFC, Qualcomm Ventures and Ventureast back in 2015. The company earned Rs 628 crore at that round.
Portea Medical is reportedly raising the capital at a lower cost than that during the previous investment round in 2015.
What the CEO has to say
Meena Ganesh said “Portea has registered 100% year on year growth (in FY17) on the back of the three acquisitions we closed out towards FY16-end. Each of these has made substantial contribution to the top-line, especially on the specialist pharmacy distribution and medical equipment side,”
