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Home healthcare startup Portea raises venture debt of Rs 25 cr

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Bengaluru-based startup Portea which deals in home healthcare services has raised Rs 25 crore venture debt led by Alteria Capital Advisors LLP.

“The team at Alteria Capital is quick to understand the needs of the business and is long term partners. Venture Debt is a great alternate source of capital for high growth businesses like Portea and we are excited to partner with Alteria,” Meena Ganesh, Co-founder and CEO, Portea was quoted as saying.

Portea offers services ranging from physiotherapy, doctor consultations, new-mother-and-baby care to diabetic care. The health-tech startup which had raised equity funding of $26 million last year, will use the money to expand its base and improve service offerings.

The company claims to be working with more than 50 leading hospital partners, 15 pharma majors and leading insurance companies in India.

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