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THB Raises $20 Million From Filter Capital and Edelweiss Discovery Fund Series - I

THB will use the funds in expanding its operations globally and accelerating growth in existing countries across South Asia, the Middle East, and South East Asia

THB Raises $20 Million From Filter Capital and Edelweiss Discovery Fund Series - I

Outlook Start-Up Desk

POSTED ON May 05, 2023 10:32 AM

THB (Technology-Healthcare-Big Data Analytics), a healthcare SAAS (software-as-a-service) company, has raised $20 million in funding in a growth equity round led by Filter Capital and Edelweiss Discovery Fund Series - I. Cornerstone Venture Partners Fund (CSVP) and Healthquad, among others, also participated in the round. 

THB will use the funds in expanding its operations globally and accelerating growth in existing countries across South Asia, the Middle East, and South East Asia. The company has claimed that with this funding, THB is well-positioned to expand its product portfolio and invest in a growing global presence. 

Investec Capital and Antares Legal were the advisors to the transaction.

Led by Akansh Khurana, Rohit Kumar, Rajesh Prachar, Kritika Tandon and Chirag Adatia, THB is known for serving a wide spectrum of customers in the healthcare industry, including hospitals, pharmaceutical companies, diagnostic labs, primary care, consumer health, payors, and med-tech companies across markets in emerging Asia including India, Bangladesh, Srilanka, UAE, KSA, Indonesia, Singapore, and Malaysia. 

Talking about the investment round, Akansh Khurana, MD & Group CEO of THB said, “Healthcare Big Data Technology presents an enormous opportunity for growth in this decade. THB aims to provide its customers with a comprehensive suite of data use-cases, enabling them to fully leverage their healthcare datasets and achieve tangible growth. We are  excited about partnering with the new investors and leveraging their expertise in technology and enterprise SaaS to further expand THB into a truly global organization.”

Nitin Nayar, Co-Founder and Managing Partner of Filter Capital added, “THB is Asia’s leading healthcare software and data company. Akansh and his team have built a strong product suite, demonstrated clear product-market fit, and served over 150 passionate customers across Asian markets. We are looking forward to this partnership and building a truly global health-tech leader.”

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