This investment will be done through the Currae Healthtech fund. Apoorva has already invested in about INR 10 Cr. in seven healthcare startups since 2015, and is now planning to increase his investment up to about 20 startups.
“We realised healthcare was one area where there is a need for services. By 2015, the healthcare industry was $100 Bn, by 2017 it will be $160 Bn business. Hence, there is phenomenal growth in healthcare sector,” said Apoorva Patni, Director at Patni Healthcare Ltd.
Earlier in 2015, the firm had invested in:
- BabyChakra – It helps to make meaningful decisions about services and products for mother and baby. It claims to have connected more than 250,000 parents to 5,500 local services providers so far
- Mapmygenome – It uses state-of-the-art technology to decode and understand an individual’s DNA and provides actionable steps for individuals and their physicians towards a healthier life
Other startups it had invested in include Wrig Nanosystems and Allishealth among others.
Padmaja Ruparel, an angel investor and president of the Indian Angel Network, said, “Angel Investors invest in companies with ‘need to have’ propositions rather than ‘nice to have’ and healthcare is critical need. Technology enablement allows companies to not only scale but also reduce costs for the ultimate consumer and therefore these ventures attract angel investors.”
Apoorva Patni is planning to invest INR 500 Cr. to set up 30 hospitals by 2020.
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