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Bangalore-based Portea Medical to Raise $25 Million Funding from Accel Partners, Sabre Capital

portea raise funding

28 July 2017, India:

In-home medical care provider Protea Medical is all set raise $25 million in the latest round of funding from Sabre Capital, Accel Partners as per the report by ET.

Portea provides doctors, nurses, and physiotherapists for home visits who have passed our rigorous hiring standards and have had their backgrounds and medical knowledge verified by senior doctors. Portea also facilitate lab tests at home and medical equipment rentals, making health care more accessible for our patients.

“Portea is in talks with three investors to raise $25 million. I can’t elaborate further at this point,” confirmed CEO Meena Ganesh, declining to share specific details. Portea Medical offers a range of in-home healthcare services including physiotherapy, nursing, attendant/home health aide, doctor consultations amongst others.

“Portea has registered 100% year on year growth (in FY17) on the back of the three acquisitions we closed out towards FY16-end. Each of these has made a substantial contribution to the top-line, especially on the specialist pharmacy distribution and medical equipment side,” said Ganesh.

Bangalore-based Portea was founded by Zachary Jones and Karan Aneja in 2012 and was acquired by serial entrepreneur couple Meena Ganesh and K Ganesh in 2013. It is present in 21 cities across India.

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