BWI: Insta Health Solutions Private Limited Raises Series A Funding from Inventus Capital Partners

Press release from Business Wire India
Source: Insta Health Solutions
Wednesday, April 22, 2009 07:32 PM IST (02:02 PM GMT)
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Release no: 19754
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Insta Health Solutions Private Limited Raises Series A Funding from Inventus Capital Partners


Bangalore, Karnataka, India, Wednesday, April 22, 2009 -- (Business Wire India) -- Insta Health Solutions Private Limited, a leading Bangalore based company has announced closure of its Series A funding from Inventus Capital Partners, an early-growth stage Venture Capital firm. Some other high net worth individuals have also participated in this funding round.

Insta Health is focused on providing hospital IT solutions to Indian hospitals addressing the huge base of medium and large hospitals spread all over India. With their hosted and licence-based business models, Insta Health is targeting to bring a revolution in the Indian hospital market. Insta Health has launched their Insta HMS, Hospital Management Software about six months back and has already won over 20 orders since then.

The Indian hospital market is undergoing a big change with corporatization of many hospitals, new investments coming from PE firms, and M&A activity in hospitals. There are also changes resulting from increasing expectations of patients and insurance firms, leading to hospitals improving their operations through innovative IT solutions.

"The goal of Insta Health is to bring affordable, easy-to-use and at the same time comprehensive IT solutions to hospitals in metros and Tier 2 Cities of India. We will be launching many more interesting solutions with the money raised in this funding round" said, Ramesh Emani, Co-Founder, and CEO.

"Running a hospital is a complex activity, involving many aspects like skilled professionals, infrastructure, technology, and human resources, with very high patient expectations on quality care at affordable prices. One cannot meet these expectations, without process-driven advanced software solutions. It is mandatory for hospitals to improve efficiency, increase accountability, reduce the costs, and plug the leakages in today's competitive and tough economic environment. Goal of Insta Health solutions is to make these latest solutions accessible to hospitals all over India in metros and towns" said Dr NK Venkataramana, Co-Founder, and Director of Insta Health.

Speaking about their investment, Kanwal Rekhi, Managing Director of Inventus Capital Partners said, 'The healthcare industry in India is undergoing dramatic change and we believe Insta Health is well poised to take advantage of the opportunities emerging as a consequence of this change. We've liked the rich experience that this team brings to the table, especially in building and running large businesses. This, our second investment in India, reiterates our commitment to back promising entrepreneurs in India, even in these challenging times."

Subsequent to this investment, Samir Kumar, Managing Director, Inventus Advisory Services, joined the Board of Directors of Insta Health.

About Insta Health

Insta Health launched their operations in Bangalore in June 2008 and in a quick time unveiled their flagship solution, Insta HMS. Insta Health started its sales and support operations in the four southern states and has plans to go national in next six months.

Insta Health is promoted by industry veterans from Indian IT and Healthcare industries. Mr. Ramesh Emani, earlier President of Wipro's Telecom and Product Engineering Solutions is the CEO and Dr NK Venkataramana, well known Neurosurgeon and recipient of Karnataka Rajyostava Award is a Director and co-founder of the company. Other founders are S Muralikrishnan, earlier Vice President at Wipro, Vasan Subramanian, earlier Managing Director of Barracuda Networks India and KN Venkata Raju, CEO of Bob Tech Solutions Pvt Ltd. For more information visit www.instahealthsolutions.com.

About Inventus Capital Partners:

Inventus supports ambitious entrepreneurs building the next generation of technology powered companies, particularly software products, services, embedded software, consumer internet, semiconductor and mobile services companies. The Inventus principals have previously successfully invested in over 90 companies through multiple venture cycles since 1993. They typically lead the first significant round of financing and play active mentoring roles on company boards. To date they've supported entrepreneurs in building dozens of successful public companies or highly valued acquisitions, resulting in the creation of $30 billion+ in aggregate wealth and market value for respective entrepreneur founders and shareholders. For more information on Inventus Capital Partners, please visit: http://www.inventuscap.com.


CONTACT DETAILS
Ramesh Emani, Insta Health Solutions, +91 (80) 4001 6061, ramesh.emani@instahealthsolutions.com
KN Venkata Raju, Insta Health Solutions, +91 (80) 4001 6061, raju.knv@instahealthsolutions.com
Mangala Jois, Inventus Capital Partners, +91 (080) 4213 1235, Mangala@Inventuscap.com

KEYWORDS
CONSUMER, PEOPLE, MARKETING, BANKING, BUSINESS SERVICES, ELECTRONICS, Financial Analyst, HEALTHCARE, IT, STOCK EXCHANGES, TELECOMMUNICATIONS, TECHNOLOGY, HEALTHCARE

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