Portea raises ₹25 crore in venture debt from Alteria

Healthcare brand Portea has raised ₹25 crore in venture debt from Alteria Capital.

Alteria Capital has a corpus of ₹800 crore with a greenshoe option of ₹200 crore.

Portea said in a statement it offers a range of tech-led healthcare services across four segments — primary care, chronic disease management, elder care and post-operative care. Its services include physiotherapy, doctor consultations, mother-and-baby care, specialty pharmacy, nutritional wellness, diabetic care, surgery discovery and tele-consultation.

“It has been a pleasure working with the team at Alteria Capital. They are quick to understand the needs of the business and are long-term partners. Venture debt is a great alternate source of capital for high-growth businesses like Portea and we are excited to partner with Alteria,” said Meena Ganesh, MD and CEO, Portea Medical.

“Meena is an experienced serial entrepreneur and has led the team at Portea well over the last few years,” said Vinod Murali, co-founder and Managing Partner, Alteria Capital. “Providing affordable, convenient healthcare services at home is a massive value proposition which is relevant for not just the Indian market but other emerging markets as well.”

Portea recently expanded its services to include a high-quality and comprehensive range of specialised home care called Portea Intensive & Specialized Care. The offerings include critical care at home, respiratory services (home ventilation), sleep apnea care, palliative care, cancer support services, post trauma/accident care, and specialized rehab services (including pulmonary, neuro, and cardiac rehabilitation; speech therapy).

COMMENT NOW