Hotline: 1800 102 2007
X
Search Business Opportunities
2014-08-01

Qualcomm invests in Portea Medical

Qualcomm, Qualcomm Ventures investment, Meena Ganesh, UNFPA, Portea Medical\\r\\nGlobal chipmaker Qualcomm has made a strategic investment in home healthcare company, Portea Medical, to help the firm scale its network and service delivery. However, no financial details were disclosed.

Global chipmaker Qualcomm has said it has made a strategic investment in home healthcare company, Portea Medical, to help the firm scale its network and service delivery. However, no financial details were disclosed.

 

The investment by Qualcomm Ventures (Qualcomm's venture investment group) will help Portea address India's expanding need for innovative and cost-effective solutions to tackle chronic disease management and geriatric care, a statement said.

 

"Technology is the pivot on which Portea's care-offering is built. I am confident their (Qualcomm) technical expertise and guidance will help Portea become the focal point for technology-led solutions to tackle two of India's biggest challenges - chronic disease management and support for the growing population of elderly in the country," said Meena Ganesh, Co-founder and CEO, Portea Medical.

 

After China, India has the second largest geriatric population in the world.

 

Also, according to an UNFPA (United Nations Population Fund) report, the number of people over 60 years of age in India will increase from 100 million in 2011 to 300 million by 2050.

 

Of these 300 million, 200 million are likely to be suffering from chronic ailments.

 

Portea's services encompass geriatric care, postoperative care, palliative care and physiotherapy, and the company works in partnership with insurance companies, major hospitals and the medical community to offer a continuum of care to patients.

 

In December 2013, Portea had announced USD eight million in series A funding from Accel Partners and Ventureast.

Related opportunities
  • After School Activities
    Started in 2009, SportyBeans is India’s most reputed non-competitive multi-sport..
    Locations looking for expansion Maharashtra
    Establishment year 2009
    Franchising Launch Date 2010
    Investment size Rs. 10lac - 20lac
    Space required 1200-1500 sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Maharashtra
  • About Us: Euro India Fresh Foods Ltd is a ISO 22000:2005..
    Locations looking for expansion Gujarat
    Establishment year 2009
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50 K
    Space required 400
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Ahmedabad Gujarat
  • Laundry & Dry Cleaning
    About : Started in 2015, Spin N Press is a growing..
    Locations looking for expansion Maharashtra
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Casual dine Restaurants
    About Us: Launched in 2010, Mamagoto is a fusian pan aisian..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
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

Free Advice - Ask Our Experts