Harsoria will use the fresh capital to expand its manufacturing capabilities, improve R&D initiatives

Tata Capital Healthcare Fund has invested $20 million in Gurugram-based Harsoria Healthcare, a medical devices manufacturer. The round also saw participation from investors like Utpal Sheth, Ashish Kacholia, and the LNB Group.

Harsoria will use the fresh capital to expand its manufacturing capabilities, improve research and development (R&D) efforts, and drive business development, the company said in a statement.

Post this funding, Tata Capital Healthcare Fund has deployed about 90 per cent of its corpus. Some of its investments include Linux Labs, Atulya Healthcare, Deeptek Inc, Anderson Diagnostic Services, Sakar Healthcare, dialysis chain Apex Kidney Care, and Mumbai Oncocare Centre.

According to Neeraj Gupta, MD, Harsoria Healthcare, the company looks forward to accelerating growth while remaining committed to developing high-quality, innovative, and cost-effective medical devices for global and Indian healthcare providers.