Emerge - Portea Medical Raises US$26M in Series C Funding

Emerging company in India takes healthcare to the patient

Portea Medical is a 'Late Stage Venture' that operates across four major segments in the healthcare space -primary care, chronic disease management, elder care and post-operative care. The services offered include physiotherapy, doctor consultations, new mother-and-baby care, specialty pharmacy, nutritional wellness, diabetic care, surgery discovery and tele-consultation. Their mantra is 'Heal at Home'.

"In under five years, we have served over 2.5 lakh customers across 16 cities in the country. We look forward to further refining the paradigm for consumer-centric healthcare here," said Meena Ganesh, MD and CEO of Portea Medical. "With this funding round, we will add more depth to our services and consolidate our position," she added.

Portea works with over 50 leading hospital partners, 15 pharma majors and leading insurance companies, according to company information. The model may be replicated in other developing markets to lower the cost of health care delivery and improve the level of patient care.

According to Crunchbase the Series C investment round was lead by Sabre Partners and MEMG CDC and brings the total funding of Portea Medical to US$72,500,000.

WHY THIS IS IMPORTANT: Heal at home services are being facilitated by new technologies. The concept may have the ability to reduce or eliminate the cost and resource commitments of the legacy health campus (hospitals) in chronic or post-treatment scenarios.