Bangalore-based NationWide Primary Healthcare Services (NationWide), a retail chain of primary care clinics has received Rs 250 million (Rs 25 crore) in funding from Norwest Venture Partners (NVP). A major part of the current investment will be utilised to rapidly expand operations over the next 18 months and set up a total of 120 clinics in Bangalore.
Dr Santanu Chattopadhyay, Founder and MD of NationWide Primary Healthcare Services said, “NationWide is a pioneer in bringing back the family doctor concept in the organised sector in India. Receiving funding at this stage of our company’s growth from one of the top-tier venture capital firms in the U.S. is a clear validation of our strong business model as well as the high customer satisfaction that NationWide has established over the past two years. We plan to open our new clinics in strategic locations in the peripheral areas of Bangalore and cater to the largely underserved customers in this region. With 20 hub clinics and approximately 100 satellite clinics across Bangalore in the next year and a half, NationWide will build a strong base for affordable primary care through innovative services and a ‘customer-first’ mentality.”
Mohan Kumar, Executive Director, NVP India, said, “NationWide aims to bring the best international practices in primary healthcare to India, spearheading a paradigm shift in India’s healthcare delivery system. The company’s strong product offering with extensive use of technology, combined with its attractive business model and market traction, make it well poised to disrupt the traditional primary healthcare market in India. We’re excited to partner with the NationWide team to help expand this already rapidly growing company.”
EH News Bureau
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