InvestorQ : What is the latest healthcare start up investment by InvAscent and what are the implications?
ishika Banerjee made post

What is the latest healthcare start up investment by InvAscent and what are the implications?

Answer
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ishika Banerjee answered.
3 months ago


InvAscent, a PE fund focused on the healthcare industry, has invested Rs.70 crore in Sharp Sight Group of Eye Hospitals based in New Delhi. The hospital will use the funds to expand eye care chains into tier-2 cities in the next few years and add to its existing portfolio of 7 hospitals across Delhi and NCR. Apart from India, the eye care chain also has facilities in Nigeria and Tajikistan. Sharp Sight has so far performed 5 lakh surgeries till date. Apart from Sharp Sight, InvAscent has investments in Strides Consumer, Ankura Hospitals, Intron Life Sciences and Symbiotec Pharmalabs. InvAscent essentially focuses on pharmaceutical, healthcare, animal health and medtech industries with average investments of $10 and $40 million.