Bengaluru-based Primecare gets First FDI Boost from Capital Clients UK When India Looks to become Self-reliant in Healthcare

Primecare India, the promising healthcare start-up from Bengaluru received a major boost with its first FDI (Foreign Direct Investment) from Capital Clients, a UK based healthcare firm who have bought 10% stake in the company. The strategic investment would be utilized to expand the Primecare brands in India. This comes at a time when India is looking to strengthen the healthcare infrastructure under the self reliant scheme announced by PM very recently. Primecare Hospital Currently Primecare Group runs its flagship multispecialty hospital, medical clinics and a…

Bengaluru, Karnataka, India

Primecare India, the promising healthcare start-up from Bengaluru received a major boost with its first FDI (Foreign Direct Investment) from Capital Clients, a UK based healthcare firm who have bought 10% stake in the company. The strategic investment would be utilized to expand the Primecare brands in India. This comes at a time when India is looking to strengthen the healthcare infrastructure under the self reliant scheme announced by PM very recently.

Primecare Hospital

Currently Primecare Group runs its flagship multispecialty hospital, medical clinics and a chain of pharmacies. The FDI has gone into its healthcare vertical, where Primecare is eyeing a major expansion in 2020-21. Embrace, the mother and child vertical, which has brought about a significant traction in the mid-segment mum & baby segment is ready for rollout. Embrace fertility unit and Neonatal ICU are also very popular and deliver affordable quality care. The hospital is NABH accredited which adds to its burgeoning credentials

Our flagship hospital is fast expanding and we are geared to add another Embrace hospital unit this year. We are committed to quality healthcare and proud to receive consistent great feedback from our patients, said Dr. Sayeed Ahmed, CMD at Primecare. The hospital opened its doors to patients in February 2017 and in a short span of three years has with its committed service attracted loyal patient following.

We are looking to close two further angel investor deals this year as pre-series A funding; whilst preparing for Series-A venture capital funding in 2021. This would fuel our growth plan of 5 Embrace hospitals by 2022, added Mr. Tanveer Mohamed, Director, Strategy & Investments at Primecare.

We are upbeat about our entry into the Indian healthcare space with this investment. We believe in the Indian growth story and look forward to working with Primecare to deliver great care in the years to come, said Mr. Rizwan Sama, Director Capital Clients. His Co-Director Mr. Amran Ahmed quipped, This strategic investment would add great value to us as a serious multinational healthcare player. Going forward we are looking to enter the healthcare service arena i.e. GP surgeries and care home segment in the United Kingdom.

Capital Clients has investments into medical supplies in UK and now venturing into medical consumables manufacturing with a new unit in Qatar free zone – ready for production Q3 this year. The partnership will enable the firms to deliver the strategic objectives utilizing the synergies, which both groups bring to the table.

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Carpathy Launches Protect+ Car Revival and Sanitization Program in Partnership with Gulf Oil

COVID-19 was unprecedented and unfortunate - leading to the country being shut down for more than 2 months. With markets now on the verge of gradually opening up, people now feel the need for safer and hygienic transport options more than ever.

Carpathy Protect+

Private vehicles, which have been inactive for quite some time, are expected to be back on roads but consumers continue to face challenges with limited access to services like jumpstart, flat tyre repair and AC service. Sanitization of vehicles is also in high demand as most customers are looking to get their cars sanitized and germ free, before they can commute again.

Carpathy - India's largest car-service network, with more than 1000 workshops across 50 cities in India, has launched its Protect+ Car Revival and Sanitization Program. Protect+ promises to deliver best-in-class essential car care services at doorstep, with superior safety measures and precautions.

Divyanshu Bansal, Founder and CEO of Carpathy said, "Sanitization is one of the major offerings of the program with other essentials such as jumpstart, AC gas top-up and Oil change available at doorstep. Special teams have been trained to follow end-to-end safety precautions and ensure contactless service for customers. The package is also priced at a nominal Rs. 300, thereby not taking a hit on the pocket."

Ravi Chawla, MD, Gulf Oil India said, "Today, we are in the midst of unprecedented times, and as we navigate through the rapidly-evolving situation, it is utmost necessary to safeguard our loved ones. By associating with Carpathy in this noble initiative we further reinforce our motto of delighting customers with unmatched products and service."

"For the program, Personal Protective Equipment (PPE) kits have been given to all mechanics thereby ensuring safety for both professionals and customers. In addition, we have also provided our mechanics with COVID-19 insurance. We are also happy to have our strategic partners Gulf Oil support us in this initiative. Gulf Oil's superior products help us deliver on our promise of quality while reaching the customer in these tough times," added Bansal.

Protect+ is currently available in 5 cities - Delhi, Gurgaon, Mumbai, Bangalore and Hyderabad, and is rapidly expanding to other cities with an up-surge in demand from all corners of the country. The company is also setting up camps in residential societies and workplaces to ensure safer cars for more people. "Protect+ services will also be made available across all Carpathy workshops shortly," said Divyanshu Bansal.

More details about the Protect+ program and can be found at Carpathy's website www.carpathy.com/protect-plus.

Carpathy was started in 2015 by Divyanshu Bansal, Himanshu Bansal and Akshat Lavania. It operates a network of technology-enabled car service centers and provides end-to-end technology, operations procurement support to workshops on its platform. The company also offers franchises to individual workshop owners and has more than 30 franchises in Tier-II cities like Bhopal, Ahmedabad, among others.