Moolchand Healthcare Raises INR1 Billion from Sequoia Capital (Asia)

Source: The Economic Times  |  Author: Peerzada Abrar

Moolchand Healthcare, an Indian healthcare provider, has received INR1 billion (approximately US$18.5 million) from Sequoia Capital. Sequoia’s investment will be part of an INR5 billion (US$92.5 million) capital pool for the acquisition and development of new hospitals. Moolchand Healthcare is Sequoia’s fourth recent investment targeting the healthcare market in India, joining Vasan Healthcare, Glocal and Paras Pharmaceuticals.