Apollo Hospitals Acquires Accel-Backed Healthtech Startup Onco

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SUMMARY

Without revealing the financial details of the deal, sources told Inc42 that the acquisition took place in December last year

Founded by Jain and Dr Amit Jotwani in 2016, Onco raised $13 Mn in funding from investors like Accel, Rainmatter, Alteria Capital, among others

The Apollo Group is currently in the process of demerging its pharmacy distribution and digital platform business, Apollo HealthCo, into a new entity

Amid rumours of cancer care startup Onco’s shutdown, sources privy to the matter told Inc42 that the…



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Apollo Hospitals Acquires Accel-Backed Healthtech Startup Onco


SUMMARY

Without revealing the financial details of the deal, sources told Inc42 that the acquisition took place in December last year

Founded by Jain and Dr Amit Jotwani in 2016, Onco raised $13 Mn in funding from investors like Accel, Rainmatter, Alteria Capital, among others

The Apollo Group is currently in the process of demerging its pharmacy distribution and digital platform business, Apollo HealthCo, into a new entity

Amid rumours of cancer care startup Onco’s shutdown, sources privy to the matter told Inc42 that the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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