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Norwest Venture Partners backs healthcare IT company Attune

11 Dec 2012

Norwest Venture Partners has reportedly made an INR326m ($6m) investment in Indian cloud-based IT company Attune.

The company, which provides schedule and billing management for healthcare providers and laboratories, has already received backing from Mercatus Capital India.

Widespread media reports of the deal suggest the funding will be used to help the company develop its product and expand throughout India and Southeast Asia, China and the Middle East.

Attune chief executive and director Arvind Kumar told Live Mint, “Funding from Norwest Venture Partners enables us to accelerate the growth of our cloud-based model in India as well as in other key global markets.”

NVP executive director Mohan Kuma added, “The healthcare services market is growing rapidly in the India, ASEAN, MENA region with the creation of large chains of healthcare service providers.”

In September NVP invested $22.5m in Indian medical diagnostics company Thyrocare Technologies to help expand the business.

NVP managing director Sohil Chand joined the Thyrocare board of directors as part of the deal, which followed a previous investment from CX Partners.

The company has more than 20,000 service centres across 1,000 towns and cities in India specialising in numerical pathology, particularly in thyroid testing.

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