Medical devices maker Harsoria raises $20-M led by Tata Capital Healthcare Fund

Tata Capital Healthcare Fund has invested USD 20 million in Gurugram-headquartered Harsoria Healthcare , a medical devices manufacturer. The round also saw participation from Utpal Sheth, Ashish Kacholia, and the LNB Group.Harsoria will use the fresh capital to expand its manufacturing capabilities, improve research and development (R&D) efforts, and drive business development.Harsoria currently operates two factories—one in Gurugram and another in Baddi, Himachal Pradesh, employing over 1,500 across the two manufacturing facilities. It exports to over 60 countries, with exports accounting for 90% of its revenue.