IDFC Alternatives, the alternative investment arm of infrastructure financier IDFC, has invested Rs. 125 crore in Bangalore-based Medi Assist Group..This is the second round of funding for Medi Assist Group after it raised capital from Bessemer Venture Partners in 2011, according to VCCircle..The Amarchand Mangaldas team, led by Mumbai based Partners Shashikant Bhojani and Leena Chacko, advised IDFC Alternatives..Nishith Desai Associates advised Medi Assist with a team led by Partner Nishchal Joshipura..The funds will be utilized for developing its proprietory technology platform further, while the rest will be used for acquisitions. The Medi Assist Group is primarily involved in three lines of business, insurance benefit administration, pharmacy benefits management to corporates, and wellness management for preventive healthcare.
IDFC Alternatives, the alternative investment arm of infrastructure financier IDFC, has invested Rs. 125 crore in Bangalore-based Medi Assist Group..This is the second round of funding for Medi Assist Group after it raised capital from Bessemer Venture Partners in 2011, according to VCCircle..The Amarchand Mangaldas team, led by Mumbai based Partners Shashikant Bhojani and Leena Chacko, advised IDFC Alternatives..Nishith Desai Associates advised Medi Assist with a team led by Partner Nishchal Joshipura..The funds will be utilized for developing its proprietory technology platform further, while the rest will be used for acquisitions. The Medi Assist Group is primarily involved in three lines of business, insurance benefit administration, pharmacy benefits management to corporates, and wellness management for preventive healthcare.
