Singapore headquartered Govin Capital has entered into an agreement with Pune based Seed Infotech to launch the Pune chapter of its Startup Accelerator India. Govin Capital also announced an investment in two healthcare companies, Palash IVF Solutions and CEllBeans Healthcare. Anand Govindaluri, CEO, Govin Capital said, “The focus will be on investing in companies in the biomedical space and in digital healthcare.”
Govind Academy, a sister concern of Govin Capital will also collaborate with Seed Infotech to set up the International Centre for Entrepreneurship and offer training programmes in innovation and entrepreneurship, primarily in the field of biomedical entrepreneurship.
Narendra Barhate, founder, Seed Infotech, said, “Govin Academy will be the knowledge partner for Seed Infotech to help promote entrepreneurship and innovation programmes and will raise and contribute Rs 10 crore towards these investments.”
Govin Capital intends to invest between Rs 1 cr-10 cr for up to a 20% stake in early stage startups operating primarily in the digital health field. Govindaluri said that they would focus on opportunities that are innovative, serve the emerging middle class and have a societal impact. The company already has a presence in India through the Startup Accelerator Initiative in Vishakhapatnam and the IIT Madras incubation cell and has funded over 10 startups in India so far.
Source: The Economic Times
