Making affordable pediatric primary care available to a wide-range of urban Indian children
18 June 2014. Bangalore, India: AddressHealth, India’s first pediatric primary healthcare network, providing comprehensive care for children through its chain of clinics and school health programs has attracted a pre series A investment from Unitus Seed Fund, India’s most active seed-stage impact investor. AddressHealth will use the investment to further expand its reach through partnerships with schools and engagement with parents in Bangalore and to prepare for rapid expansion into other Indian cities.
"We are very pleased to have the support of Unitus Seed Fund as an investor in our vision to bring a new type of quality, integrated pediatric care to broad populations in India’s metros," said Dr. Anand Lakshman, CEO of AddressHealth. "Our approach of partnering with schools to provide basic health services to every student allows us to build long-term relationships with the children and their families supporting a culture of preventative healthy living."
"We were excited by the size of the opportunity and the possibility of creating India’s 1st pediatric primary healthcare brand," said Dave Richards, Managing Partner, Unitus Seed Fund. "Our investment will help AddressHealth in refining its business model by increasing engagement with parents and schools and testing innovative pediatric service delivery models through schools."
Unitus Capital, Venture Bean Consulting and Impact Law Ventures were transaction, financial and legal advisors on this transaction, advising Unitus Seed Fund while Blue Sky Capital Advisors and K LAW were the financial and legal advisors respectively, working with AddressHealth.
About Unitus Seed Fund
Unitus Seed Fund is India’s most active seed impact investor, funding BoP startups that serve large low-income populations. Unitus Seed Fund plans to grow its portfolio of 13 companies to at least 30 startups in sectors including skill development / livelihoods, agriculture, technology for development, healthcare, education, and access to basic necessities. Unitus Seed Fund is part of the Unitus Group, a successful financial services group operating in multiple emerging markets since 2000. Unitus Seed Fund has offices in Bangalore and Seattle.