Infosys Innovation Fund plans to acquire Series A compulsory convertible preference shares in healthtech startup 4baseCare, aiming to enhance its digital transformation offerings for clients.

Information on the Target

Infosys Innovation Fund is set to acquire a stake in 4baseCare, a burgeoning healthtech startup specializing in innovative healthcare solutions. The deal involves the purchase of an undisclosed number of Series A compulsory convertible preference shares (CCPS), emphasizing the promising potential that 4baseCare holds in the health technology sector.

This investment reflects Infosys’s commitment to harnessing advanced technologies to drive business transformation for its clients. 4baseCare is distinguished in the market for its ability to integrate cutting-edge technology with healthcare services, thereby enhancing the effectiveness and efficiency of healthcare delivery.

Industry Overview in the Target’s Specific Country

The healthtech industry in India is experiencing exponential growth, fueled by rapid advancements in technology and an increasing demand for efficient healthcare solutions. As the population continues to grow and age, the healthcare sector faces signific