ICICI Ventures has created i-Ven Medicare, a special vehicle for investments in healthcare, for the purpose.

Foreign alliance

“For the total investment, ICICI Ventures has already invested $80 million in the healthcare sectors of Maharashtra, Delhi and West Bengal and will soon disclose two investments in Karnataka and Tamil Nadu.
The rest would be raised through foreign partnerships and debts,” ICICI Ventures Director Aluri Srinivasa told reporters on the sidelines of a press conference here Tuesday.

He said out of $170 million, $80 million would be invested through foreign partnerships and another $90 million would be raised through debts.

I-Ven Medicare will be the lead vehicle for all ICICI Ventures’ investments and buyouts in the booming healthcare sector with a special focus on healthcare delivery systems.

I-Ven will actively work with the portfolio companies in the areas of procurement, branding, national and international business development and improvement in systems and processes, he said.