India: Havells, Godrej family offices, Samara Capital set up healthcare platform Marengo

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Samara Capital, Havells Family Investment Office, and Godrej Family Investment Office have come together to set up Marengo Asia Healthcare, a platform that will run multispecialty hospital chains.

The platform will focus on creating clinical partnerships to bring global expertise and enhance patient experience. A team of professionals will manage the platform led by Dr Raajiv Singhal who has over 25 years of global healthcare experience.

“The platform commits to deploy sizeable pool of capital in investing and partnering with hospitals in India. Marengo Asia Healthcare stands committed to bringing in highest level of ESG standards and making a positive difference in the healthcare sector,” said Abhishek Kabra, managing director, Samara Capital.

Samara Capital is an India-focused investment firm. Since its inception in 2007, it has invested over $1.5 billion across multiple investments in companies spanning consumer products and retail, healthcare and pharma, business services and banking & financial services. Samara Capital’s few investments in the healthcare sector includes companies such as Thyrocare, AIG Hospital and Sahajanand Medical Technologies.

Dr. Raajiv Singhal, founding member & managing director, Marengo Asia Healthcare said “Our endeavour is to create a platform with ‘Patient First’ approach in which all decisions are taken keeping the patient in the centre, while bringing the latest medical and technological advances to the patient. Marengo Asia Healthcare will be a preferred place of working for all professionals, both medical and non-medical, who are committed to the principle of ‘Patient First’.”

An alumni of the Armed Forces Medical College (AFMC), Pune with extensive experience of over 25 years in the healthcare industry, Singhal has headed prestigious hospitals like Fortis Escorts Heart Institute Delhi, Care Group of hospitals Hyderabad and worked with one-billion dollar impact investing emerging market PE fund focused on Asia and African markets. He has served on boards of hospitals across Asia/Africa, India, Bangladesh and, South Africa.

This article was first published on livemint.com

Singapore Reporter/s

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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. 
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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.