India's IDFC invests USD12 mn in ASG Eye Hospitals
04-Sep-17, Live Mint
Sequoia Capital-backed ASG Eye Hospital has raised INR75 crore (USD12 mn) in a second round of institutional funding from IDFC Alternatives’ private equity fund.
%20Aniruddha%20Chowdhury_Mint.jpg "Indias IDFC invests USD12 mn in ASG Eye Hospitals (c) Aniruddha Chowdhury Mint")
Image: Aniruddha Chowdhury / Mint
Rajasthan-based ASG raised its first funding from Sequoia Capital in 2013. "ASG is present in 18 cities (across nine states) in the north, east, west and central india. We plan to utilize this fund to go deeper in these states as well as expand in nearby states," said Arun Singhvi, founder of ASG Eye Hospital.
The hospital chain plans to open 20 more full-facility eye hospitals in the next three years, he added.