๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Manipal Hospitals backer Novo Holdings names former KKR exec as India head
VCCircle
ยท
6m ago
Medial
Novo Holdings, a Danish investment firm and investor in Manipal Hospitals and Qure.ai Technologies in India, has appointed Karthik Narayanaswamy as its new India head. This move aims to enhance the firm's activities in the South Asian market. Novo Holdings is known for its healthcare investments and owns a majority stake in the weight-loss drugmaker, Novo Nordisk.
View Source
Related News
Manipal Hospitals backer Novo Holdings ropes in former IFU exec
VCCircle
ยท
1y ago
Medial
Novo Holdings, the Danish investor that backs Manipal Hospitals, has hired a former executive from the Investment Fund for Developing Countries (IFU). Novo Holdings, which also owns a majority stake in obesity drugmaker Novo Nordisk, manages assets on behalf of the Novo Nordisk Foundation. The move comes as Novo Holdings continues to expand its portfolio in the healthcare industry, with investments in both hospital chains and healthtech companies.
View Source
Manipal Hospitals backer Novo Holdings to invest $35 bn over next six years
VCCircle
ยท
1y ago
Medial
Novo Holdings, the controlling shareholder of Novo Nordisk, plans to invest $35 billion by 2030. The company will invest around $5 billion per year in the next five years, with a potential increase to $7 billion per year by 2030. Novo Holdings has a significant stake in Novo Nordisk, which produces obesity drug Wegovy and diabetes treatment Ozempic. The investment arm is also involved in industrial enzymes maker Novonesis and manages a portfolio of 160 companies. Novo Holdings recently invested in Indian private hospital chain Manipal Hospitals and is focusing on Asia for future investments.
View Source
Temasek sells 8% stake in Manipal Health to Mubadala, others
Livemint
ยท
1y ago
Medial
Singapore government's investment arm, Temasek Holdings, has reduced its stake in Manipal Health Enterprises (MHE) by selling up to 8% to investors including Mubadala Investment Company, Novo Holdings, and CalPERS. Despite the sale, Temasek will still hold a majority stake in MHE. The move comes after Temasek acquired a stake in Manipal last year, with the goal of de-risking its investment while maintaining a majority holding. Manipal is a leading healthcare network in India with over 30 hospitals and 9,500 beds.
View Source
Manipal Hospitals backer Novo Holdings to expand in India, open Mumbai office
VCCircle
ยท
1y ago
Medial
Novo Holdings, the controlling shareholder of Novo Nordisk, is planning to open an office in India this year to tap into the country's growing healthcare market and innovation. The firm manages a portfolio of 170 companies and has seen a surge in revenue from Novo Nordisk. Novo Holdings has already invested in Indian private hospital chain Manipal Hospitals and plans to invest between $300 million and $500 million in Asia each year in the coming five years. The company sees huge potential in Asian markets, driven by large populations, growing middle classes, and government focus on healthcare provision.
View Source
Ranjan Paiโs Claypond Capital ropes in former Fireside exec
VCCircle
ยท
1y ago
Medial
Claypond Capital, the family investment office of Ranjan Pai, Chairman of Manipal Group, has appointed a former Fireside Ventures executive as the firm increases its startup investments. The family office was established after Temasek acquired a $2 billion stake in Manipal Group.
View Source
Ranjan Paiโs Claypond Capital ropes in former Wipro-GE Healthcare exec
VCCircle
ยท
7m ago
Medial
Claypond Capital, led by Manipal Group Chairman Ranjan Pai, has appointed a former Wipro-GE Healthcare managing director as they focus on investing in the medical devices and technology sector.
View Source
Temasek-backed Manipal Hospitals now scouts for M&A targets in South India
VCCircle
ยท
1y ago
Medial
Manipal Hospitals, backed by Temasek, has announced its plans to acquire an 87% stake in Medica Synergie, a Kolkata-based hospital chain. Following this deal, Manipal Hospitals is now looking to expand its presence in South India where it has limited coverage. The company is seeking opportunities for brownfield expansions in various cities and states in the region.
View Source
KKR extends $600 mn in credit financing to Manipal Group
VCCircle
ยท
2m ago
Medial
KKR has extended $600 million in credit financing to Manipal Education and Medical Group to boost its growth. This marks KKR's largest credit investment in India. The financing will be facilitated by KKR Capital Markets, supported by its private credit and insurance platforms. Manipal Group, a leader in healthcare, education, and health insurance sectors, aims to continue its focus on these areas. KKR's Asia-Pacific credit strategy has committed over $8 billion since 2019.
View Source
Temasek-backed Manipal Hospitals identifies M&A targets in growth push
VCCircle
ยท
9m ago
Medial
Manipal Hospitals, majority owned by Singapore's Temasek, is looking to expand its presence through mergers and acquisitions. The Indian hospital chain is currently evaluating around a dozen potential targets in southern states. Manipal Hospitals, led by Ranjan Pai, has already acquired majority stakes in AMRI in Kolkata and Fortis Healthcare in Malaysia as part of its growth strategy.
View Source
Mubadala in talks with Temasek for stake buy in India's Manipal Hospitals
Reuters
ยท
1y ago
Medial
Abu Dhabi sovereign fund, Mubadala, is reportedly in talks to acquire a stake of less than 10% in India's Manipal Hospitals. This could mark Mubadala's first investment in India's healthcare sector. The fund is in discussions with Singapore's Temasek, who recently raised its stake in Manipal to 59%. The talks are at an early stage, and if successful, the deal could be valued up to $500 million. Manipal Hospitals is the second-largest hospital chain in India, focusing primarily on cardiology, neurosurgery, and cancer care.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in