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News on Medial
IndiaRF buys majority stake in Punjab-focused Ivy Health and Life Sciences
IndianStartupNews
·
1y ago
Medial
India Resurgence Fund (IndiaRF), an investment platform promoted by Piramal Enterprises Limited and Bain Capital, is investing Rs 525 crores in Ivy Health and Life Sciences Private Limited (Ivy). This marks IndiaRF's first investment in the healthcare sector and the first of its kind in the regional hospitals segment in North India. As part of the deal, IndiaRF will acquire Ivy's NABH-certified facilities and provide growth capital to improve patient care services and expand to other cities in Punjab and adjoining regions. Ivy Health is the largest corporate chain of NABH-certified hospital facilities in Punjab.
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What are Carlyle-backed Sequent Scientific’s plans after recent merger announcement?
VCCircle
·
9m ago
Medial
Private equity firm Carlyle-controlled Sequent Scientific plans to create a larger platform focused on animal health through its recent merger announcement with API manufacturer Viyash Life Sciences. Both companies are part of Carlyle's portfolio. The merger aims to strengthen their presence in the animal health sector and expand their offerings.
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JetSynthesys buys majority stake in kids' educational content startup KidzByte
Money Control
·
2y ago
Medial
Jetsynthesys, a digital entertainment and technology company, has acquired a majority stake in KidzByte, a startup focused on educational content for children. The deal allows Jetsynthesys to expand its presence in the kids' edutainment space and enhance its offerings. By investing in KidzByte, Jetsynthesys aims to provide engaging and educational content to children, catering to the growing demand in the market. KidzByte is JetSynthesys's second acquisition this year after buying a majority stake in creator monetisation startup Fanory
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Grapevine: Aragen Life, Urban Company investors weigh stake sale
VCCircle
·
10m ago
Medial
Promoters and investors of Aragen Life Sciences are considering selling a 10% stake in a pre-IPO round, valuing the company at around $1.5 billion. Potential investors, such as Quadria Capital and Novo Nordisk, are reported to be in early talks for a minority stake. Aragen Life Sciences is a contract research organization (CRO) that has received backing from Goldman Sachs.
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India's Glenmark to sell majority stake in life sciences unit for $680 mln
Reuters
·
1y ago
Medial
Indian drugmaker Glenmark Pharmaceuticals has announced the sale of a 75% stake in its unit Glenmark Life Sciences to detergent maker Nirma for INR 56.52 billion ($679.84 million). Nirma will purchase the stake at a discount of 1.8% to the unit's current market value. The deal includes a mandatory open offer to all public shareholders of Glenmark Life Sciences. Following the transaction, Glenmark Pharma will retain a 7.84% stake in the company.
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Kotak Alternate Asset raising third life sciences-focused PE fund
VCCircle
·
10m ago
Medial
Kotak Alternate Asset Managers Ltd is raising capital for its third healthcare and life sciences-focused private equity fund. This comes after nearly seven years since the launch of its previous fund. Kotak Alternate is the alternative asset management arm of Kotak Mahindra Group. The fund aims to invest in healthcare and life sciences companies in India.
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LIC hopes to decide on health insurer stake buy by March-end: CEO
VCCircle
·
4m ago
Medial
Life Insurance Corporation of India (LIC) aims to decide on acquiring a stake in a health insurance company by March-end, announced CEO Siddhartha Mohanty. Not seeking a majority stake, LIC is exploring the health insurance market to meet rising competition and growing consumer demand. Additionally, LIC is in discussions with the Reserve Bank of India about issuing longer-term bonds, such as 50-year or 100-year bonds, beyond currently available maturities.
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Nirma to buy Glenmark Life Sciences for 5,651 cr
Livemint
·
1y ago
Medial
Nirma Ltd has agreed to acquire a 75% stake in Glenmark Life Sciences Ltd for INR 5,651.5 crore, valuing the company at INR 7,535.4 crore. Glenmark Pharmaceuticals Ltd, the parent company, will retain a 7.84% stake in Glenmark Life Sciences. Nirma will also make a mandatory open offer to acquire an additional 17.15% stake from public shareholders. The deal is subject to regulatory and shareholder approvals. Glenmark Pharma plans to use the proceeds to reduce its debt and focus on core therapeutic areas such as dermatology, respiratory, and oncology.
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InvAscent leads $13 Mn round in Geri Care Health Services
Entrackr
·
5m ago
Medial
Snippets InvAscent leads $13 Mn round in Geri Care Health Services The fresh funds will be utilized to expand its services across key cities in Southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore, Geri Care said in a press release. Geri Care Health Services, an integrated senior citizen-focused healthcare services provider, has raised Rs 110 crore ($13 million) in a funding round led by InvAscent, investing through its India Life Sciences Fund IV (ILSF IV) for a minority stake in the company in its first institutional fundraise. Founded in 2018 by Lakshmipathy Ramesh, Geri Care offers a comprehensive 360-degree continuum care model for senior citizens, with a network of multi-specialty hospitals, assisted living centers, home care, and clinics exclusively for senior citizens. According to the Chennai-based company, it is also introducing first-of-its-kind specialty centers of excellence in geriatric oncology, geriatric urology, geriatric cardiology, and ortho-geriatrics through its chain of multi-specialty hospitals exclusively for elders. Geri Care claims to serve tens of thousands of elders in South India, particularly in Chennai. InvAscent is a life sciences private equity firm managing an AUM of over $800 million, with investments in over 35 companies across the pharma, healthcare delivery, medical devices, animal health, nutraceuticals, and healthtech industries.
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Kotak Alternate Asset hits first close of third life sciences-focused PE fund
VCCircle
·
5m ago
Medial
Kotak Alternate Asset Managers Ltd, part of Kotak Mahindra Group, announced the first close of its third life sciences-focused private equity fund, raising Rs 250 crore from family offices, UHNWIs, veterans, and institutions. The fund targets Rs 1,600 crore for investments in early- to growth-stage companies in life sciences, including pharma, biotech, and medical devices. Established in 2005, Kotak Alternate Asset manages over $22 billion across various asset classes.
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AI startup LogicFlo raises $2.7 million in seed funding from Lightspeed, others - The Economic Times
Economic Times
·
16d ago
Medial
LogicFlo AI, a Boston-based startup focused on life sciences, secured $2.7 million in seed funding with Lightspeed as the lead investor. The funds will enhance their AI agent workforce, engineering team, and platform integrations. LogicFlo uses AI to automate repetitive, high-compliance scientific tasks, boosting efficiency for life sciences teams. Founders Udith Vaidyanathan and Arun Ramakrishnan developed these AI agents to reduce document preparation timelines, allowing professionals to focus more on strategic decision-making.
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