Disha Medical Services raises $4 mn in Series C funding

Eye care firm Disha Medical Services Tuesday said it has raised Series C funding of USD 4 million (over Rs 27 crore) from Insitor Impact Asia Fund, the Nilekani Family Office and other high net worth individuals.

Exiting investor Lok advised fund - Sarva Capital has been provided a full exit as part of the current fund raise, Disha Medical Services said in a statement.

The company will use the current round of capital to further strengthen its position in the existing regions by building over 10 more hospitals, vision centres and mobile eye clinics and will also look to expand strategically in other states, it added.

Commenting on the development, Disha Medical Services co-founder Anjali Joshi said: "We will focus on empowering more ophthalmologists with advanced infrastructure and processes that help them deliver high quality care in our markets."