January 22, 2012

Helion, Nexus invest in Eye-Q Super-Specialty Hospitals

Gurgaon-based Eye-Q Super-Specialty Eye Hospitals today said it has received an undisclosed amount as investment from two equity funds, Helion Venture Partners and Nexus Venture Partners.

The company intends to utilise the investment by Helion Venture Partners and Nexus Venture Partners, both India-focused VC funds, to expand its footprint nationally, Eye-Q Super-specialty Eye Hospitals said in a statement.

The company, however, did not disclose the investment details citing confidentiality clause.
Commenting on the development Eye-Q Super-specialty Eye Hospitals CEO Rajat Goel said: "After the latest infusion of funds, Eye-Q will broad-base its operations for a national presence by spreading its wings to other regions across India."

Set up in 2007 by Ajay Sharma and Rajat Goel, Eye-Q over the past few years has expanded through a combination of greenfield hospitals and acquisitions, it said.

The company operates 16 centers in North and West India under a hub-and-spoke model.

In May 2010, the company had received investment by SONG Investment Advisors – a fund owned and managed by the Soros Economic Development Fund, Omidyar Network and Google, it added.

"With Eye-Q now poised for unprecedented growth, we'd like to see those benefits extend to people in various parts of India," Helion Venture Partners Sanjeev Agarwal said.

Link: Original Article


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Thats better.

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