Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-03-26

Persistent invests in healthcare technology start-up Hyginex

Persistent Venture Fund, an early-stage fund, has invested an undisclosed sum in California-based Hyginex Inc, which develops a wristband-based technology focused on enhancing the hand hygiene programmes of healthcare services providers.

Persistent Venture Fund, an early-stage fund, has invested an undisclosed sum in California-based Hyginex Inc, which develops a wristband-based technology focused on enhancing the hand hygiene programmes of healthcare services providers.

 

The investment will help Hyginex to expand its operations in the United States and also enter markets like India. 

 

This is the third investment for the six-month-old Persistent Venture Fund which invests between $100,000-$250,000 (Rs 60 lakh to Rs 1.5 crore) in a round.

 

"It is like a lottery ticket. It is a calculated risk," said Anand Deshpande, Founder and Chief Executive, Persistent. "Why shouldn't one do it? For a company like us, you are sitting on $100 million (Rs 608 crore) cash on balance sheet and here we are investing few hundred thousand dollars. It is a very low risk."

 

"Through this investment, Persistent would be able to help us reach our goals of making significant changes in improving patient safety and increasing quality standards in healthcare facilities,” said Shiva Swami, CEO, Hyginex.

Related opportunities
  • Guest House / Service Apartments
    PREMIMUM HOSTEL ACCOMMODATION OFFERING SGL, DOUBLE, TRIPLE OCCUOANCY ROOMSUHostels aims..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Online Food Ordering Services
    About Nawabi Rasoi :-Nawabi Rasoi is a technology-driven food delivery dark..
    Locations looking for expansion Maharashtra
    Establishment year 2016
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 800 - 2500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Pollution control devices
    About:Gabriel Ecotherm Private Ltd. (GEPL) Pune , India Is the..
    Locations looking for expansion Telangana
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Hyderabad Telangana
  • Precious Jewellery
    Gitanjali Group is one of the largest branded jewellery retailers..
    Locations looking for expansion Maharashtra
    Establishment year 1966
    Franchising Launch Date 2000
    Investment size Rs. 50lac - 1 Cr.
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities