MUMBAI, Sept 20 Indian home healthcare providerPortea Medical said on Sunday it had received $37.5 million forbusiness expansion in its latest funding round, led by venturecapital firm Accel Partners.
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International Finance Corporation (IFC), an arm of the WorldBank, and existing investors Qualcomm Ventures and Ventureastalso participated in the funding https://www.facebook.com/pages/BrightStar-Care-Home-Care-Franchise/583996358330768 round, Portea said in astatement. Accel had also previously invested in brightstar care ceo the company.
Portea, which currently operates in 24 Indian cities andfour Malaysian cities, plans to add 5,000 employees over thenext 18 months to its current roll of more than 3,000 as part ofits expansion, it said in a statement. (Reporting by Devidutta Tripathy; Editing by Shri Navaratnam)
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