₹110 crore, according to industry sources. Tata group plans to invest about ₹35 crore immediately and put in the rest of the capital in tranches, to take a minority stake in Karkinos Healthcare.
When contacted, a Tata Sons spokesperson confirmed the development. Karkinos, founded by former Tata employees R Venkataramanan and Ravi Kant along with former BCCI Chief Operating Officer Sundar Raman, also has medical entrepreneur Shahvir Nooryezdan and Avanti Finance COO, Manish Thakkar as its co-founders.
The Mumbai-based Karkinos is focussed on addressing clinical needs through a digitally enabled distributed network, that will bring quality care closer to patients in the cancer care.