Other Private Equity/Strategic Investments
PolicyBazaar unit invests Rs.10.8 Cr more in Visit Health
Docprime, a fully-owned subsidiary of publicly listed PB Fintech (which operates under the brand PolicyBazaar), has made a further investment of over INR 10.8 crore in New Delhi-based, telemedicine focused Visit Health (VHPL) in return for a minority stake. VHPL will issue 1,44,511 compulsorily convertible debentures (CCDs) of INR 748 each to Docprime. Post deal, the shareholding of Docprime is 30.46% (on a fully diluted basis). Visit Health is engaged in the business of providing healthcare and wellness through website and mobile application. It also provides access to medical services such as diagnostics, OPD, pharmacy through its network partners, and health risk assessment to the subscribers. The company had reported a turnover of INR 8.91 crore for FY21.
From the Venture Intelligence PE-VC Deal Database: In Apr-18, Visit raised funding from Rohit Bansal, Kunal Bahl, Biz Stone, Alagu Periyannan, and Karthee Madasamy.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
