Alongside BlueCross in the consortium providing R20.5 crore ($4.5m) to Wellspring are corporate venturing peer Reliance Venture Asset Management and venture capital firm Catamaran.
BlueCross BlueShield Venture Partners, the corporate venturing unit of US medical centres, has invested in India-based healthcare services provider Wellspring Healthcare’s series A round as its first deal outside of North America.
Alongside BlueCross in the consortium providing R20.5 crore ($4.5m) to Wellspring are corporate venturing peer Reliance Venture Asset Management and venture capital firm Catamaran.
Wellspring will use the money to create a chain of Healthspring Community Medical clinics initially in Mumbai.
Paul Brown, manager of theBlueCross venture…
