ASG Eye Hospitals, a Rajasthan based group of super specialty eye hospitals, has raised Rs.50 crore from Sequoia Capital. The funding will be used to support expansion in central and north India. Started in 2006, ASG Eye Hospitals has grown significantly over the years and is currently present in six cities across Rajasthan. The group now plans to expand to Jharkhand, Madhya Pradesh, Uttar Pradesh, Chhattisgarh and Bihar. It is planning rapid expansion through 25 more centres in the next two years.
Dr Arun Singhvi and Dr Shashank Gang, founders, ASG Eye Hospitals said, “ASG Eye Hospitals offers expert ophthalmic care for a wide range of ocular sub-specialties. We provide comprehensive diagnosis, treatment and surgical services through our cutting edge technology. Ophthalmic care requires highly skilled and trained professionals and ASG provides world-class surgeons having vast surgical experience and expertise. The Founders as well as many specialists at ASG are trained at AIIMS, India’s foremost medical institution.”
Abhay Pandey, managing director, Sequoia Capital India Advisors said, “ASG Eye Hospitals brings the best technology in healthcare to Tier II and Tier III markets and offers advanced and competent eye care services in the region. The team led by Dr Arun and Dr Shashank are highly committed towards building an accomplished healthcare institution focused on patient-centred care.”
ASG Eye Hospitals has successfully treated over five lakh patients till date. ASG Eye Hospitals are pioneers of the latest technology of Phacoemulsification and implantation of multifocal IOLs. Specialist treatments at the institute include advanced Vitreo Retinal surgery for treatment of complicated retinal and vitreous disorders, squint, oculoplastic surgery which include treatment for different types of eye tumours and cosmetic eye surgery. It has state of the art facility for spectacle removal by one of the fastest available lasik laser machines in the world. The hospitals also have round the clock emergency services for trauma and a 24 hour eye banking facility, for corneal transplantation to remove blindness.
Sequoia Capital in India currently manages funds capitalized at close to US$ 1.4 billion and invests across venture, growth and late stage opportunities. It takes a long term view on investments and plays the role of an active, value added partner to entrepreneurs, business families and management teams. Over the last five years, Sequoia Capital has invested in more than 50 companies in India including Café Coffee Day, Idea Cellular, Just Dial, Manappuram Finance, Paras, Quick Heal, Micromax, Mu Sigma and Vasan Health Care. Sequoia Capital operates out of offices in Bangalore, Mumbai and New Delhi.
Globally, Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. Sequoia Capital has been an early investor in companies such as Google, Cisco, Yahoo, YouTube, Oracle, Apple, Zappos, Dropbox, and LinkedIn. Sequoia Capital maintains dedicated teams in US, China, India and Israel.
ASG Hospital was conceived with a mission to make available to every person, the best of the health care treatments and solution irrespective of their awareness, knowledge and financial levels and for this purpose to create a pool of trained and skilled health care professionals whose skill and knowledge levels and best in the world.