In an exclusive video interview with VCCircle, Dr A Velumani, founder and chairman of Thyrocare Technologies Ltd, explains the rationale behind going B2C and acquisition plans as well as talks on exploring a strategic sale. Thyrocare, India's largest thyroid testing company, is floating a chain of laboratories called Lab Nation, which will follow a business to consumer (B2C) model. CX Partners invested in the company in 2010, picking up the stake from promoters with some primary infusion. Early last year, Nueclear Healthcare Ltd, the low-cost cancer diagnosis services business of the Thyrocare group, raised Rs 22 crore ($4 million) from Norwest Venture Partners. The firm is planning to set up 120 molecular imaging centres for offering low-cost cancer diagnosis services.
PE-backed Thyrocare founder on adopting a B2C model, exploring talks with strategic investor
By VCC Staff
- 12 May 2014