InvAscent Invests INR 110 Crore in Geri Care, India's Pioneer in Integrated Geriatric Care
- Editor
- Jan 29
- 2 min read
What's Happening: InvAscent, through its India Life Sciences Fund IV, has invested INR 110 crore for a minority stake in Geri Care Health Services, India's first integrated senior citizen-focused healthcare provider. This marks Geri Care's first institutional fundraise since its founding in 2018.
The Key Moves:
Geri Care offers a comprehensive 360-degree continuum care model for senior citizens, including multi-specialty hospitals, assisted living centers, home care, and clinics.
The funds will be used to expand Geri Care's services across key cities in Southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore.
Geri Care is launching new assisted living facilities in Ulsoor, Bengaluru and Velachery, Chennai this quarter.
By The Numbers :
InvAscent's investment of INR 110 crore (approximately $13.2 million USD) represents a minority stake in Geri Care.
InvAscent manages an AUM of over USD 800 million across its funds.
Geri Care has over 50 years of combined geriatric practice expertise among its team.
Key Quotes:
Dr. Lakshmipathy Ramesh, Founder & Managing Director of Geri Care: "We are excited to partner with InvAscent to further our mission of providing holistic and compassionate care to the elderly."
Nithya Govind, Managing Director, InvAscent: "Geri Care is a pioneer in creating an innovative continuum care model, redefining eldercare in India."
Dr. Lakshmipathy Ramesh: "At Geri Care, we strive to make best-in-class Geriatric Care accessible to our senior community and their families, and to enhance the quality of their life, promote independence, well-being and dignity."
The Bottom Line: This investment by InvAscent marks a significant milestone for Geri Care, providing the capital needed to expand its innovative eldercare model across Southern India. As the country's elderly population grows, Geri Care is positioned to address the increasing demand for specialized, integrated geriatric healthcare services.
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