Portea Medical: Founder, Funding, Business Model And Competitors

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About Portea Medical

 “Bringing the entire gamut of healthcare services to a patient’s doorstep.”

Portea Medical, a pioneer at home healthcare and considered as the fastest growing provider with the most considerable in-home medical care in India with a 24-city network.

Services and Benefits

The company offers certain benefits and services which includes

  • Home visits from Physiotherapists
  • Nursing attendants
  • Collection of lab samples from patients’ home
  • Medical equipment on hire
  • Geriatric Care
  • Post-Operative care

Portea Medical is a benefiting factor for patients with limited mobility and a busy schedule. Wherein you can save money and time treated by a high-quality doctor at home.

Founders and Inception

Zachary Jones and Karan Aneja founded the company in 2012. But the actual inception started in July 2013 when couple Meena Ganesh and Ganesh Krishnan bought Portea Medical from the duo which is headquartered in Bangalore, India. Zachary and Karan now serve as Senior Vice Presidents at the company and the couple as the CEOs of the company.

Why Portea?

Zachary and Karan both brought up in the US. Their paths coincided in Delhi through some common friends. While in India, Karan’s grandfather was ill his family found it a big problem finding quality healthcare services. On the other picture, Zachary’s mother worked for a home health organization in the US. Both were exposed to the healthcare system in the US providing efficient facilities. They came up with the idea to implement the in-home services in India to make a significant change in healthcare services. Facilitating clinicians to visit homes and treating the patients to create primary healthcare more accessible, accountable and more affordable to the patients.

Today, Portea clocked 2 million patient visits across the nation and served more than 1,20,000 patient visits indicating a rise in demand for quality home healthcare.

Snippets

Portea also includes services like new-mother-and-baby care, nutritional wellness, surgery discovery and teleconsultation. It works with more than 50 leading hospitals which provides for India Home Healthcare, Health Care at Home, Apollo, Max and Nightingales, 15 pharma majors and leading insurance companies in India.

Funding And Acquisitions

Portea Medical has been raised to a total of $72.5M. In Dec 2 2013 Accel funded $9M and $37.5M in Sep 20,2015. MEMG CDC and Sabre Partners funded $26M in nov 21, 2017.

Health Mantra and Medybiz Pharma are the two organization acquired by Portea Medical. With estimated revenue of $5M annually with more than 1500 plus employees.

Business Model

Portea Medical runs on Healthcare model setting a mark as India’s most robust in-home medical services.

Competitors

  • Care24
  • Nightingales
  • Health Heal
  • Nri Family Health
  • Lybrate
  • UberHealth
  • Book My Doctor
  • Mylabyogi
  • Medwell Ventures
  • Health Impetus

Bottom Line

Meena Ganesh funneled out by focusing more on the weaker sections. The company has been leveraging the technology making it an integral part using diagnostic tools for solving real problems.

Mr & Mrs. Ganesh has been very active in developing the company and focusing more on the primary health issues. They worked with Five Corporates and 200 plus referring physicians. Stats estimated that Indian home healthcare market is over $2 billion by understanding the need for strong leadership in healthcare sectors.