NR Narayana Murthy's venture capital firm Catamaran, the Anil Ambani Group's Reliance Venture Asset Management and some foreign investors have invested in Mumbai-based healthcare services provider Wellspring Healthcare.
Catamaran, Murthy's $129-million venture capital fund, Reliance Venture Asset Management, US-based BlueCross BlueShield Venture Partners and few angel investors have invested 20.5 crore in Wellspring's first round funding.
Mumbai-based Wellspring will use the money to create a chain of clinics under the brand name of 'Healthspring Community Medical centres' in Mumbai and roll it out nationally later. “We do everything from reminding the patient to take the medicine to the actual treatment,” said Kaushik Sen, chief executive and co-founder of Well-spring. “We are trying to bring back the family doctor concept along with customer friendliness,” he added.
Source: Economic Times