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The exit got here as a part of acquisition of AINU by Asian Healthcare Holdings, a single-specialty healthcare platform, backed by TPG Development and GIC, for Rs 600 crore final yr.
The fund, which invested in 2016, is claimed to have achieved a fourfold return with the exit.
AINU was based in 2013 by a workforce of main urologists and nephrologists, led by Dr C Mallikarjuna and Dr PC Reddy. It presently operates 500 beds by seven hospitals throughout Hyderabad, Visakhapatnam, Siliguri and Chennai.
It has handled greater than 400,000 sufferers and accomplished about 50,000 procedures.
On the nephrology aspect, it has carried out greater than 200,000 dialyses and 300 kidney transplants.HealthQuad has raised two funds thus far, a $11.6 million (₹75 crore) fund I and $162 million (₹1,215 crore) fund II.Its main investments embody diagnostics platform Redcliffe, psychological well being startup Wysa, on-line ambulance aggregator StanPlus, Medikabazaar, medical information aggregation platform THB and tech-led company wellness platform Ekincare.
“HealthQuad is actively pursuing offers throughout health-tech, biopharma, med-tech and healthcare supply,” stated Pinak Shrikhande, managing director, HealthQuad.
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