Healthcare services startup Portea raises $37.5 mn in Series B funding

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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.


Portea skeleton to partisan 5,000 some-more over a subsequent 18 months

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.