Venture capital firm Sequoia Capital is allocating up to $22 million to buy an undisclosed stake in Moolchand Medcity, VC Circle reports. The Delhi-based healthcare company is being developed as Asia’s biggest single site multispecialty hospital campus. Moolchand will use the sale proceeds to expand its healthcare centre in other cities outside Delhi, such as Mumbai, Bangalore and a few other tier I and tier II cities, adds Moneycontrol.com. The company has been promoted by first-generation family entrepreneur Shravan Talwar, who is also CEO of the company.
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