medical devices manufacturer, Harsoria Healthcare has secured $20 Mn From Tata Capital Healthcare Fund, a growth-oriented private equity fund focused on the healthcare and life sciences sector in India. The round also saw participation from investors like Utpal Sheth, Ashish Kacholia, and the LNB Group.
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According to a statement from the company, Harsoria plans to use the additional funding to boost business development, enhance R&D activities, and increase its manufacturing capacity.
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Neeraj Gupta, Managing Director, Harsoria Healthcare said, “We look forward with great excitement to accelerating our growth trajectory, while remaining committed to developing high-quality, innovative and cost-effective medical devices for global and Indian healthcare providers.”
Visalakshi Chandramouli, Managing Partner at Tata Capital Healthcare Fund II said, “Under the leadership of first-generation entrepreneurs Neeraj and Nitin Gupta, the company has thrived over two decades by focusing on product innovation and manufacturing high-quality medical consumables. Harsoria exemplifies the ethos of – Make in India for the world, with its products achieving success in markets like the US and Western Europe. We believe in the company’s potential and look forward to being a part of its growth journey.”
Harsoria aims to design, manufacture and commercialize innovative medical devices for the global marketplace to serve unmet medical needs and improve overall healthcare outcomes.
About Harsoria Healthcare
Founded in 2002, Harsoria Healthcare Pvt. Ltd. is a fully integrated, ISO-certified manufacturer of CE-marked disposable medical disposables. As an Export-Oriented Unit under the Government of India’s EOU/STPI scheme, we export our products to over 50 countries worldwide.
