<article><a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Nightingales+Home+Health+Services">Nightingales Home Health Services</a>, part of Medwell Ventures Pvt. Ltd, on Tuesday said it plans to raise around $20 million to fund expansion by the end of this year.</article>

<a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Nightingales+Home+Health+Services">Nightingales Home Health Services</a>, part of Medwell Ventures Pvt. Ltd, on Tuesday said it plans to raise around $20 million to fund expansion by the end of this year.
Medwell Ventures acquired Benguluru-based Nightingales in April 2014, for undisclosed amount.
Medwell Ventures, founded in April by investors Vishal Bali, a former group chief executive officer of <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Fortis+Healthcare+Ltd" target="_blank">Fortis Healthcare Ltd</a>; Ferzaan Engineer, former CEO of <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Quintiles+India">Quintiles India</a>; Lalit Pai and Himanshu Shah raised $10 million from Fidelity Growth Partners India (FGPI) and Fidelity Biosciences, Boston, by diluting a significant minority stake in June.
The promoters of Medwell Ventures have invested around $3.5 million in Nightingales.
“The way that we are growing, we are looking to raise another round of funding towards the end of the year,” said Vishal Bali, co-founder and chairman of Medwell Ventures.
Medwell Ventures plans to invest around $30-35 million in Nightingales, which aims to spread its presence to 10 cities across the country, reaching 500,000 patients in the next two-three years.
The company has reached 12,000 patients so far, said Lalit Pai, chief executive officer of Nightingales.
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Nightingales Home Health Services, part of Medwell Ventures Pvt. Ltd, on Tuesday said it plans to raise around $20 million to fund expansion by the end of this year

India: Home health service provider Nightingales plans to raise $20m in second round funding

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India: Home health service provider Nightingales plans to raise $20m in second round funding

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