Bangalore-headquartered HealthCare Global (HCG), the leading private sector oncology institution in India, has received $20 million of funding from PremjiInvest, a private equity fund sponsored by Wipro’s Azim Premji.

HCG is a physician-led initiative that owns and manages a network of cancer centers and is in the process of establishing a nationwide network of cancer centers. HCG business model integrates diagnostics, imaging and clinical research with the delivery of clinical care.

The fresh funding would help HCG to enlarge its vision of backward integration in cancer management on a pan-India basis and realize its dream of making cancer treatment accessible to all segments of the society.

This is the third round of funding, which the hospital has received after the first of Rs 50 crore it received from IDFC Private Equity, and the second of Rs 10 crore from Evolvence.

PremjiInvest's Chief investment officer Prakash Parthasarathy and Bobby Mustafa have been inducted into the board of HealthCare Global.
Presently Healthcare Global manages a network of 10 cancer care centres across India. For expansion, it is considering both acquisition and association with hospitals and cancer specialists.