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February 11, 2013

Deal Alert: Rural healthcare chain iKure receives investment from Intellecap Network

Kolkata-based healthcare provider iKure TechSoft has received an investment from angel investor group Intellecap Impact Investment Network (I3N). Launched in 2011, I3N comprises individuals and institutional investors looking to invest into young for-profit social enterprises.

The investment has been made by 2 HNI members of the network - Jayesh Parekh, co-founder of Sony Entertainment Television, and Nandan Maluste, who has over 35 years of senior management experience. The funds will be used to set up Rural Health Centers (RHCs) across rural West Bengal over the next 3-4 months. Maluste is joining the iKure board.

iKure, founded in 2009 by three ex-Oracle professionals, delivers affordable and effective healthcare at the grassroots. The company sets up RHCs that are equipped with full-time MBBS doctors, pharmacists, and health officers that record data for all activity at the centers. iKure currently runs over 20 RHCs across West Bengal and Orissa and has provided consultations to over 150,000 patients. The company was incubated by IIT-Kharagpur and Webel Venture Fund.

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