35North India Discovery Fund -II Makes Strategic $3 Million Investment in Global Care
New Delhi, 2nd September, 2024– In a landmark move for the non-hospital medical tourism industry, Global Care – Lavanya Medicare Solutions Pvt Ltd, India’s largest company in the sector, has proudly announced an investment of USD 3 million from 35North India Discovery Fund -II (IDF-II). This strategic infusion of funds marks the first-ever partnership of its kind, aimed at expanding Global Care’s pioneering services on a global scale.
With this investment, 35North IDF-II aligns with Global Care’s mission to bridge global healthcare divides, enhancing clinical excellence through strategic consulting and facilitating access to top-tier medical care internationally.
Ashwani Singh, Managing Director at 35North, expressed strong confidence in the partnership, stating, “We strongly believe in both the company and the sector. The sector is benefiting from cutting-edge medical care across specialties in countries like India, Turkey, Dubai, Egypt, Germany, and Thailand. This is complemented by advanced medical equipment and the competitive pricing and timing of these destinations. We are excited to support Global Care’s continued expansion and impact in the medical tourism industry.”
Rajeev Taneja, Founder and CEO of Global Care, shared his vision for the company’s future following this partnership. “The company is now poised to significantly expand its healthcare services internationally, creating a comprehensive global ecosystem of clinical services. Our role as healthcare consultants not only involves building clinical corridors but also supporting patients who cannot receive necessary treatments in their home countries,” said Taneja.
About Global Care:
Founded by first-generation entrepreneur Rajeev Taneja, MD & Founder, Global Care has established itself as a leader in the field of non-hospital medical tourism. With a strategic vision of becoming a multi-country enterprise, the company focuses on serving medical patients from diverse regions including Eastern Africa, Francophone Africa, the Middle East, Central Asia, SAARC nations, and South-East Asia. Under Rajeev’s leadership, Global Care has evolved from a modest Indian proprietorship to an industry leader on the brink of global prominence.
About 35North India Discovery Fund -II:
35North India Discovery Fund -II, a SEBI registered Cat I Angel Fund, is recognized not just as an early-stage growth fund but as a visionary entity that identifies and nurtures potential unicorns. With investments across a diverse range of sectors and a robust portfolio including companies like SpeedLabs, Nukleus Office Solutions, and Cloud Tailor, the fund is committed to fostering rapid growth in its investees. Supported by a team of global industry veterans and extensive alumni networks from prestigious institutions such as London Business School (LBS), UBC, Columbia, and ISB, 35North provides indispensable operational, marketing, and financial support to its portfolio companies.
