Health at Home, a catalytic health care service provider, has raised funds from Bo2, an IFC backed private equity firm in Nepal, for expansion of its business across Nepal. The representatives of the parties signed a shareholders agreement. Bo2 shared:
“With Bo2 funds, the company will scale its quality of health care throughout Nepal. “
The amount of investment has not been disclosed.
Health at Home is an award winning social enterprise & Nepal’s first home healthcare organization. It facilitates care management of individuals at home environment. Health at Home provides doctors consultation, Physiotherapy, Nursing Services, Caregiver services, Lab services, Equipments etc.
Health At Home was established in the year 2007, adding a new dimension in healthcare service. The institution is the pioneer in creating the culture of customized home healthcare service. Establishment of Health At Home has been the defining moment in the healthcare service of Nepal as it has redefined the way people can receive quality health service. The range of services provided by Health At Home has evolved tremendously. This evolution in continuum of service asserts our focus to provide quality service in an innovative way. Since our establishment we have helped people get more out of life. Our founder’s passion for serving people has helped us in making quick strides. The passion which he held is now the passion of the team which has kept us always ahead in home healthcare.
Mr Bishal Dhakal, founder of Health at Home, shared his excitement in a Linkedin post as follows:
“Glad to have played a role in a deal which is going to create a difference in Nepal’s healthcare sector and benefit the entire healthcare industry to service the gap. Bo2 signs shareholders agreement with Medpro (managing Health at Home), a catalytic health care service provider managed by an aspiring young entrepreneur.
When I started my adventure as an entrepreneur I committed to one principle. I will not take loan for business by putting my property as mortgage in bank. As a startup no bank would give us loan so we struggled for 10 good years without securing funding. Today we wrote a history together with Private Equity Firm Business Oxygen to raise seed round of funding without collateral which we call risk financing. To start this project of Health At Home as an Idea and transform it to understandable investable and scalable business has been an amazing amazing journey. It’s just a start. We got miles to GO.”
Business Oxygen Private Limited (BO2) is Nepal’s first private-equity fund. It is a part of the IFC’s Global SME Ventures initiative with investments from the IFC of the World Bank Group, Climate Investment Fund’s (PPCR) and UK Aid’s DFID and is managed by WLC Ventures Pvt. Ltd, a subsidiary of White Lotus Centre Pvt. Ltd. This sector-agnostic fund combines risk capital financing with advisory support to help investee small and medium enterprises develop fundamental financial systems, quality-assurance standards, and corporate governance frameworks.
We wish Health at Home all the best.