Exclusive: Eli Global acquires Lekhisoft Software Solutions for around $500k

Delhi-based Eli Health Solutions Pvt Ltd, a part of Eli Group, has acquired software development firm Lekhisoft Software Solutions Pvt Ltd, company’s spokesperson told DEALSTREETASIA.

The deal is valued at around $500,000, as per the person cited above who did not want to be named. This is the first acquisition by Eli Global in the country and as a part of it, Umesh Lekhi, Mansha Lekhi and Nancy Lekhi from Lekhisoft will join team of Eli.

The acquisition is a strategic move by Eli for its debut in the healthcare sector, especially after the success of Lekhisoft’s ophthalmology hospital management software ‘Netram’ in the international market. The company aims to expand its business with more acquisitions.

Eli’s spokesperson declined to comment anything on the deal.

Lekhisoft is a software development company specialized in hospital management system. The Faridabad-based company provides a complete ophthalmic hospital management software with EMR (electronic medical record) along with paperless hassle-free approach.

Its clientele portfolio includes companies like Narayana Nethralaya, EyeQ, Ludhiana Eye Hospital, Synergy Hospital, Vision For All, Malwa Hospital and others.

Eli India is diversified services company in the healthcare industry in the US and UK. Its services include professional certifications, practice management, EMR/EHR, practice marketing & advertising, reputation management, patient engagement, revenue cycle management, private-pay senior care, compliance, audit and risk management.

US-headquartered Eli Global was founded in 1991, the group employs around 4,000 people in more than 20 locations, and has a group of 40 independent business units.

Eli Global has an excellent investing track record with 35 per cent compound annual growth rate (CAGR) since inception and 43 per cent return on capital employees (ROCE) on investments made since 2001.

Law firm Luthra & Luthra advised Eli Health Solutions on this transaction.

As per a data complied by DEALSTREETASIA, around 70 healthcare companies have raised funding since January of this year. Some of the recent funding in the health-tech space include Bangalore-based Modasta which raised $1.5 million funding from high-networth-individuals (HNIs); Tiyo, a Kolkata-based company, received angel funding; and Medinfi Healthcare also got an angel funding from group of investors.

Also Read:

India: Medinfi Healthcare raises $200k in angel round
India Dealbook: Startups Tiyo, GoCoop, Lemon Leaf, Neuron raise angel funding
Global health-tech firms see funding traction: Mercom Capital report

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.