Intellecap facilitates investment of INR 250 million in NationWide, from Norwest Venture Partners

Friday, September 7, 2012

Intellecap today announced that it has facilitated an investment of INR 250 million from Norwest Venture Partners in Nationwide Primary Healthcare Services, a pioneering chain of general practitioner and pediatric clinics backed by US based angels.
The Company, founded by eminent U.K trained doctors – Dr Santanu Chattopadhyay and Dr Shantanu Rahman, aims to revive the age-old concept of ’family doctors’ in India. The Company’s primary care clinics focus on bridging the gap between fragmented general practitioner services and highly expensive super-specialist hospital care by creating a single-point of medical care for their patients’ everyday healthcare needs. NationWide’s doctors provide personalised GP and paediatric care to individuals, families, and corporate groups in the community. Their prime focus is on proactive management of every day ailments and effectively managing chronic conditions. The Company plans to open 1500 clinics across India over the next 5 years, revolutionising primary healthcare in the country.
“With support from Norwest Venture Partners, we have now moved forward in creating a strong base for providing quality and affordable primary care through innovative services that treats patients as customers” said Dr. Santanu Chattopadhyay – Founder and Managing Director.

Mohan Kumar, Executive Director – Norwest Venture Partners India has joined the board of NationWide. He said “We are delighted to partner with Dr. Santanu and his team. We believe that there is a huge need for quality primary care services in India. We are confident that NationWide with its unique business model complemented with a high quality team will be a leader in this segment.”

Source: Intellecap (link opens in a new window)

Categories
Entrepreneurship, Health Care
Tags
health care, impact investing, investment fund