Tata Group to invest Rs 110 Cr in healthtech firm Karkinos

Karkinos has closed a funding round with the Tatas with an investment commitment of Rs 110 Cr, according to industry sources. Karkinos is focused on addressing clinical needs through a digitally enabled distributed network, that will bring quality care closer to patients in cancer care.

Karkinos was founded by former Tata employees R Venkataramanan and Ravi Kant along with former BCCI Chief Operating Officer Sundar Raman, also has medical entrepreneur Shahvir Nooryezdan and Avanti Finance COO, Manish Thakkar as its co-founders. Tata group plans to invest about Rs 35 Cr immediately and put in the rest of the capital in tranches.

The healthcare platform is also finalising an additional round of funding from some of the leading business leaders, including Ratan Tata, Venu Srinivasan, Ronnie Screwvala, Bhavish Aggarwal among others, sources said.

The company is already offering its services in Kothamangalam, Chotanikkara, Todhapouzha in Ernakulam District, in Kerala and is aiming to ramp up its operations during the year.

English »