Vasan Healthcare Raises Additional $50 Million from Institutional Investors

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Chennai-based Vasan Healthcare has raised US$ 50 million in new growth capital from existing institutional investors. These investors are Singapore’s GIC Private Limited, WestBridge Capital and Sequoia Capital. Vasan Healthcare runs eye care and dental hospitals across India. Singapore’s sovereign wealth fund had already invested US$ 100 million in Vasan Healthcare, while WestBridge Capital and Sequoia Capital invested US$ 50 million together in three rounds of funding.

Vasan Healthcare may go for an initial public offering by 2015.

Increasingly, institutional investors are investing in Indian healthcare companies. The International Finance Corporation (IFC) and ICICI Venture are in key negotiations to acquire a 35% stake in Hyderabad-based Krishna Institute of Medical Sciences.

Source: SWF Institute

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