Portea Medical, a consumer healthcare service provider owned by HealthVista India has raised Rs 25 crore in venture debt from Alteria Capital.
“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, chief executive of Portea, in the statement.
Portea, which was founded in 2012 by Zachery Jones and Karan Aneja, provides services in four broad categories such as primary care, chronic disease management, elder care and post-operative care, The Mint reported. It offers services including physiotherapy, doctor consultations, new mother-and-baby care and diabetic care.
The startup works with more than 50 hospitals and 15 pharmaceutical and insurance companies in India for offering its services online.
In 2013, the company was acquired by Ganesh and her husband Krishnan Ganesh, partner at Growth Story, for an undisclosed amount, in an all-equity deal.
Portea has raised a total of $72.5 million in total funding from investors including Accel Partners, Qualcomm Ventures and Ventureast, according to data from Crunchbase.
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