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Venture Capital | 26 April 2012

Accel Partners, IDG Ventures Invests $5Mn In Forus Health

by Irfan Khan
Accel Partners, IDG Ventures Invests $5Mn In Forus Health
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Accel Partners and IDG Ventures have invested $5Mn in medical technology and solutions company - Forus Health Pvt Ltd. Funds will be used to drive manufacturing and sales of it's flagship product - 3nethra, and to accelerate research on 3nethra and other devices.

Unitus Capital was the sole advisor to Forus for the transaction.

Bangalore based - Forus Health was founded by Shyam Vasudeva Rao and K Chandrasekhar. Shyam holds a doctorate from IISc and was previously the Director Technology, Philips Healthcare at Phillips Innovation Center, Bangalore. Chandrasekhar, an alumnus of IIMC and BITS, Pilani, was previously the Director of Strategy at NXP Semiconductors.

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