IFC to invest $7 million in Health Vista India

Chennai: Healthcare provider Health Vista India Private Limited (Portea) will raise $7 million from International Finance Corporation (IFC) to fund its expansion.

The company, promoted by Ganesh Krishnan and Meena Ganesh, is looking to raise $37 million to expand its heathcare services in India and South East Asia. 

Portea's existing investors include Accel Partners India, VenturEast and Qualcomm Ventures.

Established in November 2013, it is a home-based healthcare services provider. Portea works with individuals as well as hospitals, insurance companies and corporates to improve health outcomes by providing in-home care to geriatric, chronic, neo-natal and post-operative patients across 22 cities including Delhi, Bengalaru, Chennai, Hyderabad and Mumbai and two in Malaysia.

"IFC has the ability to support the company through its current and future growth plan through equity and debt investments," said World Bank's investment arm IFC.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.