India Venture Capital to launch $111 Million Healthcare Fund
Facebook Twitter google+ RSS Feed

India Venture Capital to launch $111 Million Healthcare Fund

Printer Print Email Email
Mumbai: Yet another healthcare fund of $111 million is to be launched within September by India Venture Advisors. Founded by industrialist Ajay Piramal and former State Bank of India Chairman, A. K. Purwar, the firm focuses on healthcare and life sciences segment. The investors in the fund will be domestic, including institutional and high net worth individuals, reports Financial Express.

Launched in 2007, the firm is a 900 crore ($200 million), and has investments in $11 million in C&C Construction last year and $18.4 million in Kavery Medical Center and Hospital , Trichy in 2009. The new fund will also focus on social infrastructure sectors like education.

The recent market has experienced a growing trend of independent private equity players entering the Indian investment space, which is estimated to be twice as many as of now, in the next two years. The trend is in an up thrust due to the credibility and the record of accomplishment of the past investments made. According to Assocham data, India attracted PE funds to the limit of 35, 000 crore in FY 2010, there still remains a shortage of funds in the small and medium sized investment areas.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT