Portea Medical may raise ₹250 cr

Home healthcare provider, Portea Medical, is likely to close its second round of funding of ₹250 crore in the next six to eight months. This was disclosed by its Co-founder and Chairman K Ganesh to newspersons here. “The funds proposed to be raised will be deployed in building technology capabilities and expansion of our operations apart from some other initiatives,’’ he said and declined to give details of the investors. The Bangalore-based Portea is now present in 24 cities and has plans to take this to 50 in the next 24 months. It raised ₹54- crore capital in 2013, in the first round. Our Bureau