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News on Medial
ISN Exclusive: ex-Ola executive Varun Dubey starts up a hospital chain, in talks to raise seed funding
IndianStartupNews
·
27d ago
Medial
Former Ola CMO Varun Dubey has launched a hospital chain startup, Superhealth Hospitals Pvt Ltd, based in Bengaluru. He's in discussions to raise Rs 12-13 crore in seed funding from Sparrow Capital. Drawing from his healthcare experience with Practo and Apollo Hospitals, Dubey plans to establish small hospitals in various cities. Supported by ex-Practo executives Dr. Alexander Kuruvilla and Manoj Kumar Gangasandra, Dubey aims to revolutionize patient and doctor experiences in healthcare.
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Exclusive: General Atlantic-backed hospital chain eyes Punjab peer
VCCircle
·
9m ago
Medial
- General Atlantic-backed Ujala Cygnus is looking to acquire hospitals in Punjab. - Ujala Cygnus is in advanced talks with an Amritsar-based firm for a potential acquisition. - The hospital chain aims to establish a presence in the Punjab region through this deal. - General Atlantic is a key investor in Ujala Cygnus. - The acquisition is expected to give Ujala Cygnus a strong foothold in the Punjab healthcare market.
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ISN Exclusive: Meesho’s Mohit Rajani quits as CPO; Prasanna Arunachalam to take over
IndianStartupNews
·
19d ago
Medial
Mohit Rajani, former Chief Product Officer of Meesho, has resigned less than a year after joining, following his predecessor Kirti Varun Avasarala's departure. Prasanna Arunachalam, a five-year Meesho veteran, steps into the role, bringing expertise in product management. Arunachalam, previously leading monetisation and content commerce, aims to advance Meesho's vision of democratizing internet commerce. Rajani, with a background in AI and major tech firms like Meta and Google, leaves amid Meesho's preparation for public market entry.
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General Atlantic set to buy Ujala Cygnus; Endiya Partners plans third fund
VCCircle
·
1y ago
Medial
Private equity firm General Atlantic is reportedly in talks to acquire a 70% stake in Ujala Cygnus Healthcare Services, a Delhi-based multi-specialty hospital chain. The deal, if finalized, could value the hospital chain at around Rs 1,600 crore. Meanwhile, venture capital firm Endiya Partners is planning to launch its third fund.
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Exclusive: Ex-Zomato Executive’s Startup Ninecamp Bags $2 Mn
Inc42
·
12m ago
Medial
Ninecamp, a premium food and beverage startup, has recently raised funds from investors including Zomato cofounders Mohit Gupta and Gaurav Gupta. With a focus on premium dining and consumer products, Ninecamp was founded last year by Chaitanya Mathur, who has over 17 years of experience and was instrumental in creating Zomaland for Zomato. The funding round also saw participation from Honasa cofounders Ghazal and Varun Alagh.
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Temasek-controlled Manipal Health leads race for regional hospital chain
VCCircle
·
4m ago
Medial
Manipal Hospitals, controlled by Temasek, is leading the race to invest in a Maharashtra-based hospital chain. Manipal Hospitals, operated by Manipal Health Enterprises Pvt Ltd and led by Ranjan Pai, is in talks to acquire a significant stake in the regional chain. This move indicates Manipal Health's strategic expansion in the healthcare sector, leveraging Temasek's support to strengthen its presence and further enhance its market position in India’s hospital industry.
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Was unsure of investing in Ola, CEO Son lives in future: Ex-Softbank exec
Inshorts
·
9m ago
Medial
Former Softbank executive Alok Sama said he was unsure about the group's investment in Ola in 2014, but billionaire CEO Masayoshi Son "had higher order of thinking". "Son lives in the future and in the future world, nobody owns cars...[Then] what would be the margins for a company like Ola?" he said. SoftBank valued Ola at $400 million in 2014.
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Carpediem starts work on continuation fund for debut vehicle portfolios
VCCircle
·
7m ago
Medial
Belgian impact investor KOIS doubles down on Indian hospital chain Premium Parag Vaidya, associate partner, KOIS Invest KOIS Invest, a Belgian impact investor that focuses on the healthcare sector in India, has put more money into a Bangalore-based company that operates a chain of women and childcare hospitals, a senior executive told VCCircle. The investment firm, which provides growth capital to companies in Belgium and India, has infused $3 ......
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Belgian impact investor KOIS doubles down on Indian hospital chain
VCCircle
·
7m ago
Medial
Belgian impact investor KOIS doubles down on Indian hospital chain Premium Parag Vaidya, associate partner, KOIS Invest KOIS Invest, a Belgian impact investor that focuses on the healthcare sector in India, has put more money into a Bangalore-based company that operates a chain of women and childcare hospitals, a senior executive told VCCircle. The investment firm, which provides growth capital to companies in Belgium and India, has infused $3 ......
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Medtech startup MedVital raises Rs 8.4 Cr in pre-seed round
Entrackr
·
2m ago
Medial
Medtech startup MedVital raises Rs 8.4 Cr in pre-seed round MedVital, a medtech startup focused on skin repair and wound care, has raised Rs 8.4 crore in its pre-seed round led by Nihar Parikh’s 4point0 Health Ventures. The round saw participation from founders of Tata 1mg, NephroPlus, SafeExpress, Eye Q Hospital, Hexa Health, and AstroTalk. The proceeds will be used to expand MedVital’s product portfolio, strengthen its supply chain, and broaden its distribution network to cover hospitals, clinics, and home-care settings. Co-founded by Varun Gupta and Tarun Bansal, MedVital is a full-stack platform for wound care and minimally invasive aesthetics, integrating monitoring and next-generation biomaterials. MedVital’s flagship product, NoWound, is a negative pressure wound therapy (NPWT) device designed for controlled healing of complex wounds. The device is compact, digitally enabled, and locally manufactured. The startup plans to introduce liquid chitosan-based dressings and expand into dermal and hair regeneration solutions.
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Exclusive: Aster DM Healthcare set to stitch deal for India biz with top PE firm
VCCircle
·
11m ago
Medial
Mumbai-listed Aster DM Healthcare is in advanced discussions with a leading private equity firm to sell its India business. The hospital chain had previously agreed to separate and sell its India operations last year. The deal is expected to be finalized soon and underscores the company's efforts to streamline its operations.
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