Ramesh Emani promoted Insta Health raises series-A funding

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Bangalore: Bangalore-based Insta Health Solutions, a provider of IT solutions to medium and large hospitals across the country, has raised series A funding from Inventus Capital Partners and a clutch of high net worth individuals (HNIs), reported VCCircle. Inventus has invested about Rs 5 crore in the company, Samir Kumar, Managing Director of Inventus Advisory Services. However the total sum raised was not disclosed.

Insta Health, which currently has a presence in the four southern states and has plans to go national in next six months, has launched its product called Insta HMS about six months back and has bagged over 20 orders since then. The company will use the funds for its sales efforts, and adding more modules to its products.

The company plans to expand its product offering to areas like electronic medical records (EMR), clinics and pharmacies, added Kumar. The company offers its products in a software as a service (SaaS) model. Samir Kumar has joined the board of directors of Insta Health.

Insta Health has been promoted by Ramesh Emani, previously president of Wipro's telecom and product engineering solutions, who is the company CEO. Dr NK Venkataramana, a well known neurosurgeon is also a co-founder of the company. Other founders are S Muralikrishnan, earlier vice president at Wipro, Vasan Subramanian, earlier MD of Barracuda Networks India and KN Venkata Raju, CEO of Bob Tech Solutions.

The hospital market in India is undergoing corporatization with big chains like Apollo Hospitals, Fortis Healthcare and Max looking to expand, both organically and inorganically. Also private equity firms are looking at this segment aggressively and nearly half a dozen funds have formed SPVs to buy and build hospitals.

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