Healthcare & Life Sciences
Dr. Mohan’s Diabetes Speciality Centres raised private equity from Lok & Evolvence India Fund
About
Dr. Mohan's
Founded by internationally renowned Diabetologist, Dr. V. Mohan and his late wife Dr. Rema Mohan, Dr. Mohan’s is one of the earliest organized players in the diabetes care market in India. Dr. Mohan, personally, has been at the forefront of diabetes care in the country and has built a robust delivery model for diabetes care and an asset-light business model that has so far scaled to 24 centres (2 hospitals, 22 clinics) across seven states of India. Dr. Mohan’s has used a very effective hub and spoke model to deliver comprehensive diabetes care to patients in both urban and underserved rural areas of Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Orissa, Puducherry and Delhi. The team of specialists at Dr. Mohan’s have treated over 400,000 patients thus far.
Lok Capital
Lok promotes inclusive growth in India by making long-term equity investments. Launched in 2004, it backs entrepreneurs who cater to large underserved segments through investments in financial services, agriculture/livelihood and healthcare sectors. In addition to capital, Lok supports the portfolio companies through a variety of engagements which include fellowship programs and technical assistance. Lok manages three funds with over USD 125 mn under management
Evolvence India Fund
Evolvence India Fund (EIF) is the first and only independent India dedicated hybrid Private Equity platform with the strategy of fund of funds and active co-investments. EIF is sponsored by New York Life Insurance and Evolvence Capital and has committed USD 200 Mn in 15 private equity funds and also have invested USD 150 Mn across 12 co-investments in India. EIF team is currently deploying capital from their Fund 2.