HealthAssure to invest $15 mn to strengthen biz

New Delhi, Jan 11 (PTI) HealthAssure, a health-techplatform, today said it will invest USD 15 million (over Rs 95crore) over the next three years t...

New Delhi, Jan 11 (PTI) HealthAssure, a health-techplatform, today said it will invest USD 15 million (over Rs 95crore) over the next three years to strengthen its primarycare network in the country.

Started in 2011, HealthAssure provides access to 3,100primary care centres across 1,000 cities and connects insurersand corporates through its platform.

"We plan to invest USD 15 million over the next threeyears. This will go towards network enrichment, creation ofmore products, strengthening IT infrastructure anddistribution," HealthAssure founder and CEO Varun Gera toldPTI.

He added that by 2020, it expects to reach 2.5-3 millioncustomers.

The company currently has serviced one million customersthrough their B2B model. It works with companies like ApolloMunich, Max Bupa, Cigna, ICICI Prudential, Royal Sundram,Loreal, FedEx, Deloitte, Max Life, among others.

Gera said the company, which has already hit profits, isalso looking at exploring international markets.

"We are looking at entering the Middle East market withinthe next six months. We are also exploring markets like HongKong and Singapore," he added.

Gera said international business is expected to accountfor almost half of its business in the next 2-3 years. PTI SRSBT.

This is unedited, unformatted feed from the Press Trust of India wire.

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