Hotline: 1800 102 2007
X
Search Business Opportunities
2013-07-29

Serial entrepreneur duo Meena and K Ganesh acquires home healthcare services provider

Serial tech entrepreneur duo K Ganesh and Meena Ganesh has recently acquired New Delhi-based Portea Medical, provider of home healthcare services in India.

Serial tech entrepreneur duo K Ganesh and Meena Ganesh has recently acquired New Delhi-based Portea Medical, provider of home healthcare services in India.

 

“We have acquired 100 per cent stake in the company, largely through equity,” K Ganesh told Small Medium Entrepreneur. However, the amount of acquisition has not been disclosed yet.

 

“The integration of the two companies has been seamless. We got interested in Portea because they had been focusing on the B2B side, working with hospitals to improve health outcomes. They had really pioneered the US home healthcare model in India and we thought it fit well with our vision of creating a category-leading home healthcare company,” said Ganesh.

 

Portea Medical was co-founded by Zachary Jones and Karan Aneja for pioneering the US homecare model in India. With operations in Delhi and Bangalore, the company provides residents, home visits from high-quality doctors, nurses, physiotherapists, counsellors, nutritionists, and trained attendants. Its service offerings focus on primary, post-hospitalization, and palliative and hospice care services.

 

The company has a network of over 200 referring physicians in the two cities.

 

“Portea was the first mover in this space and has significant traction with B2B clients, a great founding team, as well as operations in Delhi and Bangalore. This will serve as an excellent foundation on which to build one of India’s largest healthcare companies,” added Ganesh.

 

The founders of Portea Medical will be part of the management team headed by Meena Ganesh as the CEO and K Ganesh as the promoter.

 

Henceforth, the company is planning to expand its operations in another 10 cities in a span of one year.

 

Ganesh stated, “We estimate the market to be worth between $2-4 billion currently. We will be launching services in 10 cities over the next one year and will be growing the market through customer education and by demonstrating the company’s disruptive value proposition.”

 

The serial entrepreneurs K Ganesh and Meena Ganesh have already built and successfully exited four start-ups previously. The most recent exit was from the sale of their education services firm TurorVista to Pearson for $213 million, according to Ganesh.

 

The husband and wife have also backed couple of e-commerce companies like online food and grocery store BigBasket, online jewellery store BlueStone, Internet-based religious venture OnlinePrasad, and domestic holiday booking platform MustSeeIndia with minority investments from their family office, Growth Story.

 

Related opportunities
  • Department & Convenience Stores
    About Us  NDB Convenio is a venture of NDB Retail India..
    Locations looking for expansion Delhi
    Establishment year 2005
    Franchising Launch Date 2018
    Investment size Rs. 30lac - 50lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
    About Us: Established in 2012, formed in the trend setting street..
    Locations looking for expansion Delhi
    Establishment year 2012
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Ice creams & Yogurt Parlors
    About: Berrylicious is a fast growing chain of ice cream parlors..
    Locations looking for expansion Karnataka
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
  • Herbal, Ayurvedic, Homeopathic & Natural Care products
    About US. World Health Care Mart Is a Leading Teleshopping..
    Locations looking for expansion Madhya pradesh
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50 K
    Space required 100
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Indore Madhya pradesh
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