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Hyd startup raises ₹40 crore from Sachin, Sindhu

Hyderabad-based health-tech startup CallHealth has raised ₹40 crore in a funding round led by Sachin Tendulkar. 

Badminton player PV Sindhu and her coach Pullela Gopichand also participated in the round along with other investors. 

The cricketing legend invested Rs 12 crore while India’s top female badminton player PV Sindhu, and former badminton player Pullela Gopichand put in Rs 4 crore each, show the company’s filings with the Ministry of Corporate Affairs dated June.

US and Hyderabad-based IT services company Tetra Soft India Pvt. Ltd (Rs 8 crore) and Bijman Projects Pvt. Ltd (Rs 10 crore), among others, participated in the round.

The company raised the sum by allocating 80 lakh equity shares at a subscription price of Rs 50 each, including a premium of Rs 49. This was a down round from the fund-raise in July last year.

Then, it had raised $9 million (Rs 57.52 crore) by allocating 23.01 lakh equity shares at a subscription price of Rs 250 apiece, including a premium of Rs 240. The investors in that round included popular Telugu film actors Chiranjeevi Konidela, Nagarjuna Akkineni and Allu Arjun, among others.

CallHealth was founded in 2013 by Sandhya Raju, daughter of Ramco Systems managing director and CEO PR Venketrama Raja. Sandhya is also daughter-in-law of Ramalinga Raju, the former chairman and CEO of Satyam Computer Services who stepped down after admitting to large-scale manipulations of the company’s books.

 

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Tags: Callhealth P V Sindhu Sachin Tendulkar