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Sachin, Sindhu and Gopichand Invest in healthtech startup CallHealth
Cricketing legend Sachin Tendulkar, along with India’s top badminton players P.V. Sindhu and Pullela Gopichand, has invested in Hyderabad based healthcare service aggregator CallHealth Services Pvt., Ltd.
VCCircle reported, Gopichand, who is an existing investor in the company, invested Rs. 4 crores along with India’s top female badminton player P.V. Sindhu. The cricketing legend Sachin Tendulkar invested Rs. 12 crores in the healthcare services startup, according to the company’s filings with the Ministry of Corporate Affairs dated June.
Founded in 2013 by Sandhya Raju, CallHealth offers an array of services such as doctor consultation, diagnostic tests, hospitalization assistance, medicine delivery and home care services including nurses, physiotherapists and trained attendants. Founder Sandhya Raju is the daughter of Ramco Systems managing director and CEO P.R. Venketrama Raja and the daughter in law of Ramalinga Raju, the former chairman and CEO of Satyam Computer Services.
The IT services company based in Hyderabad and USA Tetra Soft India Pvt., Ltd., and Bijman Projects Pvt., Ltd., also participated in this round, investing Rs. 8 crores and Rs. 10 crores respectively. 80 lakh equity shares were allocated by the company at a subscription price of Rs. 50 each, including a premium of Rs. 49. The company had raised $ 9 million in 2016 by allocating 23.01 lakh equity shares at a subscription price of Rs. 250 apiece. Since 2015, the company’s previous filings show it has raised Rs. 160 crores in four funding rounds. The investors of the company include drugmaker Sun Pharma, Trevanion Ptv., Ltd., Perini Ptv., Ltd., and Telugu film actors like Venkatesh Daggubati, Chiranjeevi Konidela, Nagarjuna Akkineni and Allu Arjun, among others.
Practo, Health Care at Home, NetMeds, Portea, 1mg and Medwell Ventures are some of the other startups working in the health care sector. CallHealth, right now, has a presence in Delhi, Andhra Pradesh and Telangana.
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