Nexus Venture Partners has invested Rs. 15 Crores in Deccan Healthcare, Hyderabad based nutraceuticals firm that manufactures products in categories like bone, cardiac and women care.
Deccan Healthcare will use the funds to expand in tax-free zones and will set up manufacturing facilities in Himachal Pradesh and Uttaranchal.
Nexus Venture Partners’ earlier investment includes $10mn in Commodity trading software firm, Eka.
Earlier investment in Healthcare:
- GreyLock Invests $4mn in HealthHiway, Healthcare SaaS startup
- Aavishkaar India Invests in Swas Healthcare, Naturopathy clinics and hospitals
- Infant maternal care in India gets the attention of the Gates Foundation ($41mn Fund)
- Rural Healthcare Startup, Vaatsalya raises fund from Oasis and Seedfund
More updates from startup funding in India.
Ashish Sinha