The Hindu Business Line : Insta Health raises $1 m from Inventus Capital

Bangalore, April 23 Insta Health Solutions (IHS), a start-up company providing hospital IT solutions, on Thursday announced raising about $1 million from Inventus Capital Partners, an early growth stage Venture Capital firm headed by Mr Kanwal Rekhi.

A few high net worth Indians were also part of this first round of investment.

Apart from two former Wipro veterans, Mr Ramesh Emani, former President of Wipro (Telecom & Production Engineering Solutions) and Mr S. Muralikrishnan, earlier Vice-President at Wipro, the 10-month-old company was founded by Mr Vasan Subramanian, former Managing Director of Barracuda Networks India and Mr K.N. Venkata Raju, CEO of Bob Tech Solutions Pvt Ltd.

Mr Emani said Insta Health was focused on providing hospital IT solutions in addressing the huge base of medium and large hospitals spread across the country. Its target segment is healthcare units of 20 to 200-bed establishments, he said.

Target cities

With their hosted and licence-based business models, Insta Health is targeting hospitals in the Tier I & II cities to help them strengthen their processes and accountability in healthcare and extend quality and professional services to their patients.

It has already won 20 orders for its Insta HMS, Hospital Management Softwares. With rapid corporatisation of hospitals, increasing interests shown by private equity and new investors targeting the sector, the potential of technology application in hospitals is quite high, said Mr K.N. Venkata Raju, Vice-President (Business Development).

Improving products

He said the current funding would help improve its products and add features to meet requirements of hospitals.

Mr Kanwal Rekhi, Managing Director of Inventus Capital Partners, said, “the investment, the second in India, reiterates our commitment to back promising entrepreneurs in India, even in these challenging times.”

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