INR3 Billion Investment by Goldman Sachs and NEA (Asia)

Source: Nova Medical Centers

An Indian operator of surgical care and fertility clinics, Nova Medical Centers, has announced the investment of INR3 billion (approximately US$54 million) by global investment bank and securities firm Goldman Sachs and U.S.-based venture capital investor New Enterprise Associates (NEA). Under the terms of the transaction, Goldman Sachs will invest INR2.2 billion (approximately US$40 million) and NEA will invest INR800 million (approximately US$14 million). NEA previously invested approximately US$15 million in Nova in 2010. Nova plans to use the funding to expand its operations geographically.