Asian Healthcare Fund Leads a Series B Round in Forus Health (Asia)
Source: Forus Health
Asian Healthcare Fund, a private equity fund focused on India’s healthcare and life sciences sector, has led an INR500 million (approximately US$8 million) Series B funding round in India-based medical device manufacturer Forus Health. Two existing investors, venture capital firms Accel Partners and IDG Ventures India, also participated in the round. The company, which previously raised US$5 million from Accel and IDG Ventures in 2012, intends to use the new funding to strengthen its supply chains and sales networks, and for product development.