Bengaluru – Home medical services provider Portea Medical has perceived $37.5 million in Series B appropriation led by Accel.
International Finance Corporation (IFC), a member of a World Bank Group, Qualcomm Ventures and Ventureast also participated in this round, Portea pronounced in a release.
It pronounced Portea would use a latest investment to pull a company’s enlargement in India, where it now operates opposite 24 cities and handles 60,000 visits in a month to patients’ homes.
It will also utilize a appropriation to grow in other markets elsewhere in a region, including Malaysia, where it already provides services in 4 cities, it added.
Portea pronounced it has some-more than 3,000 staffers and skeleton to partisan an additional 5,000 over a subsequent 18 months in line with a company’s expansion plans.
Arun Mathew from Accel, a investment organisation that led investment in other Indian startups like Flipkart, BookMyShow, FreshDesk and others, joins Portea’s Board of Directors, it said.
Portea had formerly perceived $9 million Series A appropriation from Accel, Qualcomm Ventures and Ventureast in Dec 2013.