Portea Medical parent gets Rs 25 cr in debt from Alteria

NEW DELHI: Venture debt firm Alteria Capital has closed a Rs 25-crore funding round in Health Vista India, which owns and operates home healthcare service provider Portea Medical, the Mumbai-based specialty financing firm said on Thursday.

The announcement comes days after Bengaluru-based Portea said it had introduced specialised and critical care services, including critical care at home, respiratory services, sleep apnea care, palliative care, cancer support services, post trauma care, specialised rehab services and end-of-life care.

“They (Alteria Capital) are quick to understand the needs of the business and are long-term partners. Venture debt is a great alternative source of capital for high-growth businesses like Portea,” Meena Ganesh, CEO of Portea, said.


“Affordable, convenient healthcare at home is a great value proposition which is relevant not just for the Indian market but other emerging markets as well,” said Vinod Murali, managing partner, Alteria Capital.