Deal Street

December 01, 2017

Portea raises $26 million from Sabre Partners


Portea Medical

Consumer healthcare solutions provider Portea Medical, owned by HealthVista India Pvt. Ltd, has raised $26 million in a Series C funding round led by Sabre Partners and Manipal Group’s MEMG CDC fund.

Portea’s existing investors Accel Partners, International Finance Corporation and Qualcomm Ventures also participated in this round.

“With this funding round, we will add more depth to our services and consolidate our position as a trusted port-of-call for every healthcare need that an individual and his/her family members may have outside of hospital care,” said Meena Ganesh, chief executive officer (CEO) of Portea.

Cyril Amarchand Mangaldas acted for MEMG CDC and the team was led by Partner Akshay Bhat along with Suvojit Halder, Jacob George.

Sabre Partners were advised by Trilegal and the team was led by Partner Kunal Chandra along with Akshat Shrivastava, Aditi Jain and Tejas Adiga.

IndusLaw advised Accel and the team included Partner Kartik Ganapathy, Principal Associate Anindya Ghosh, Senior Associate Aakash Dasgupta and Associates Pavani Nath, Saumya Ramakrishnan and Siddhesh Iyer.

This funding comes nearly two years after raising $37.5 million from Accel Partners, IFC, Qualcomm Ventures and Ventureast. With fresh funding, the health-tech startup is looking to strengthen its platform and expand its reach to more customers.

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