Vaatsalya raises second round funding from Oasis, Seedfund
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Vaatsalya raises second round funding from Oasis, Seedfund
Bangalore: Bangalore based healthcare service provider, Vaatsalya has raised second round of funding from Oasis Fund and returning investor Seedfund. The company had earlier raised 6 crore from the venture firms Seedfund and Aavishkar. The undisclosed amount of funds will be used by Vaatsalya to expand hospital network across India, reports VCCircle. Oasis Fund, which had invested in Aavishkaar Micro-Venture Capital fund, is part of Swiss investment advisory firm Bamboo Finance, which specializes in financing social entrepreneurship. Vaatsalya presently operates primary and secondary healthcare services across seven districts in Karnataka - Hubli, Gadag, Karwar, Bijapur, Mandya, Raichur and Hassan. "The firm would also look to partner with existing nursing homes and hospitals that share its philosophy as it plans to expand to 20 hospitals across southern region with the current funding," said Chief Operating Officer and co-founder Veerendra Hiremath. There have been some similar investments in the past. For instance,Acumen Fund had invested in LifeSpring, a network of maternity and child healthcare hospitals providing services at low cost.

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