InvAsent invests Rs 70 crore in Sharp Sight Group of Eye Hospitals
The investment would power expansion over the next three years
InvAsent, a healthcare focused fund, has announcement an investment of Rs 70 crore in Delhi based eyecare chain Sharp Sight Group of Eye Hospitals.
Sharp Sight Group of Eye Hospitals, founded by two ﬁrst generation entrepreneurs, Dr Samir Sud and Dr Kamal B Kapur, currently runs seven hospitals in Delhi NCR & J&K. The funding will strengthen the group's foothold in tier II cities and underserviced areas over the next three years.
“Penetration of organised eyecare is relatively lower in North India as compared to southern and western parts of the country. We found that the thought process and ideology of InvAsent blended perfectly with our long term vision. We strongly believe we will be able to leverage their experience to our beneﬁt as they have an expertise in backing many single speciality chains,” said Deepshikha Sharma, CEO, Sharp Sight Group of Eye Hospitals.
She further added, ''We also aim at creating social impact across regions where we expand . Most of the patients with visual impairment are dependent on his/her immediate family on a day to day basis. With rapid urbanisation happening in tier 2 cities we intend to create job opportunities and provide quality training and employment generation in these cities.’’
“The group will also identify potential candidates from Govt. runs schools in these areas and train them and absorb them within the organisation,” said Dr Samir Sud, Co- Founder, Sharp Sight Group of Eye Hospitals.
“Technology being in the forefront in enabling access to one and all will be an area we will harness. We intend to use technology to bring Ophthalmology to the doorstep of every one in tier 2 cities by way of Eyecare @ home,“ said Dr Kamal B Kapur, Co-Founder, Sharp Sight Group of Eye Hospitals.