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Healthcare-focused fintech co Affordplan CEO leads management buyout
The founders and four VC investors of New Delhi-headquartered healthcare-focussed fintech startup Affordplan have exited following a management buyout, led by Affordplan's chief executive officer (CEO) Aditya Sharma. The buyout was by new individual investors, including the former Coca Cola CEO Sanjiv Gupta. Sharma and the new investors now own 100% stake in the startup, which provides a bouquet of financial offerings focused on healthcare. Affordplan claims to have partnered with hundreds of hospitals across 30 cities, catering to over a lakh patients to date.
From the Venture Intelligence PE-VC Deal Database: Between May-16 and Mar-19, Affordplan had raised over USD 12 M from Kalaari Capital, Lok Capital, Omidyar Network and Prime Venture Partners. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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