K Ganesh & Meena Ganesh Buy Delhi Based Portea Medical For Healthcare Foray
Portea Medical, founded by Zachary Jones, the former head of research at Copal Partners and is in the process of raising $10 mn in venture capital funding.
Bangalore based serial entrepreneurs K Ganesh and his wife Meena Ganesh have bought Portea Medical, a company which provides in-home healthcare services, according to a new report.
The founders will continue to remain at the company which was bought in a cash and equity deal, The Times of India reported. The company, founded by Zachary Jones, the former head of research at Copal Partners and is in the process of raising $10 mn in venture capital funding, said the report.
K Ganesh and Meena Ganesh have have had a series of successful including the sale of TutorVista to Pearson for over $200 mn. In February, they sold rest of their stake in the online tutoring company to UK publishing house Pearsons, which is making a major push in the Indian education market.
The duo, also run a startup accelerator cum angel investment fund called Growthstory which ahs invested and mentored a bunch of startups including Must See India, Bookadda, Delyver, Bluestone and Bigbasket, which raised $10 mn from Ascent Capital in March last year. Recently, they invested in OnlinePrasad, an online venture which connects people to spiritual places.