India, Aug. 17 -- image credit- freepik

Tata Capital Healthcare Fund III (TCHF III), the healthcare-focused private equity fund of Tata Capital Ltd, and Blue Earth Capital AG, a Switzerland-based specialist global impact investor, has announced investment of approximately $30 million in Tenet Medcorp (Tenet Diagnostics) for an undisclosed equity stake.

The investment in Tenet marks one of the first investments from Tata Capital Healthcare Fund III, which achieved its first close earlier this year.

Founded in 2018 by Sricharan Devineni, Tenet Diagnostics has emerged as a leading integrated diagnostics platform focused on building a network of high-quality radiology and pathology centres across India. The company currently operates more ...