Medwell Ventures, the operator of Nightingales speciality home healthcare services in India has raised a $21m Series B round. The round was led by Mahindra Partners. Eight Roads also participated in this round alongside our associated fund, F-Prime, early angel investors and the Founders. 

The Nightingales Home Healthcare business has grown rapidly, from a single branch in Bangalore in 2014 to 13 branches across 4 cities with a full-time team of over 1000 medical, paramedical and healthcare professionals. The company has now established a leadership position in speciality-led home healthcare delivery, providing out-of-hospital care plans for patients with chronic diseases. 

Dr. Prem Pavoor, who sits on the board of Medwell commented on the investment saying: "We continue to be impressed by Medwell's strong focus on execution; building on foundations of clinically driven holistic home care, an enabling technhology backbone, and the highes levels of corporate governance. Eight Roads is delighted to continue its partnership with the company and welcomes Mahindra Partners to join this exciting growth story."