Healthcare provider Paras Healthcare raises USD 42M
Founders: Dharminder Nagar
Founded in: 2006
Financing status: USD 42M for undisclosed round in 2017
Paras Healthcare was founded in 2006 by Dharminder Nagar.
Paras Healthcare has two divisions, Paras Hospitals and Paras Bliss. Paras Hospitals provides specialized tertiary-care in Guragaon, Patna and Darbhanga. Paras Bliss provides specialized mother and child care at Panchkula and New Delhi. The healthcare company targets the middle-class segment and claims that they have 730 beds across their hospitals.
Founder Dr. Nagar said that “most of the oldest cities in North India have the weakest healthcare infrastructure. He said that each hospital of Paras aims at being a community player by empowering the common man, the middle class, with access to specialized care at locations that has limited or no specialized healthcare facilities.”
The funds will primarily be used for expansion and growth across different regions.
The healthcare market in India is believed to be worth close to USD 100 billion and is estimated to reach USD 280 billion by 2020. However, according to records, India has only 0.6 doctors per 1,000 people.
(Top photo from Pixabay)