GenWorks Health raises Rs 135 Cr from Somerset Indus Capital Partners, Morgan Stanley, Evolvence & Wipro GE

Genworks, is a dedicated Bengaluru-based startup working ahead to improvise healthcare access in India. Genworks has raised Rs 135 crore in the second funding round. The round was led by Somerset Indus Capital Partners, Morgan Stanley.

GenWorks is aiming to utilize the fresh funding in ways like:

To double its revenues,
To cover working capital needs,
Invest in manufacturing partnerships,
Expansion in the area of in-vitro diagnostics, and
Be deployed towards building ‘’Human Capital’’ to enable the quick growth and build ‘’Platform Participation’’.

GenWorks was originally a Wipro GE invested company with a target to resolve three fundamental challenges in healthcare –

Access,
Affordability, and
Adoption.

GenWorks was conceived to fill the gap of inadequacies in the healthcare sector by leveraging its close association with GE Healthcare, whose aim is 'At work for a healthier India'. The company is focusing on becoming a quality-centered company to serve around the country. GenWorks is dedicated to building awareness through the available technology and providing affordable solutions across the country through its state-of-the-art digital solutions, with a vision of improving specialist access for the last mile.

EXECUTIVE OPINION:

S Ganesh Prasad, Founder, MD, and CEO, GenWorks said, “Our goal at GenWorks has been crystal clear - to bring awareness for affordable care. The journey towards this began in 2015 in the areas of mother and child care, critical care and cardiology, radiology, and hospital solutions. We started with 160 people in 30 locations with GE as the primary technology partner. Today, we have a strategy to solve care cycle needs in every area as a part of our endeavour to support affordable access through 500+ people in over 130 locations.”

He added, “We strongly believe that the rate of adoption of technology has to dramatically change and for the doctors to adapt, our delivery method should change. A clear understanding of how we leverage technology and innovation and be sincere about what we can or cannot has to be clear. There is a definitive need to change the traditional hierarchy and delivery methods and this needs a cultural shift. We are far ahead in leading this and our investments are aligned to making this robust.’’

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GenWorks Health raises Rs 135 Cr from Somerset Indus Capital Partners, Morgan Stanley, Evolvence & Wipro GE

Tags : GenWorks, StartupsDekho

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