Drishti Eye Care raises Series A funding from Lok Capital
Summary
We need to address this across all strata of the socio economic pyramid, but the poor need more attention in terms of access, cost and other critical considerations like loss of livelihood,\xe2\x80\x9d said Kiran Anandampillai, founder of Drishti.Drishti Eye Care was founded in December 2011 by Anandampillai, a founding member of OnMobile. The firm offers a full range of eye care services covering primary (involves a comprehensive screening for refractive errors, cataract, retinal issues, glaucoma, etc) and secondary eye care.\xe2\x80\x9cWhen it comes to BoP, healthcare is an area which needs immediate intervention, not only in providing affordable treatment, but in providing access to quality facilities. Drishti combines geographic access for such underserved population along with low cost options to the poor. Drishti\xe2\x80\x99s operating model ensures that there is minimum dependency on asset creation (such as setting up clinics) or manning them with trained opthalmologists, while taking eye care to thousands of people in smaller towns and villages,\xe2\x80\x9d said Vishal Mehta, co-founder, Lok Advisory Services.Started in 2006, Gurgaon-based Lok Capital invests between $0.5 million to $3 million in its portfolio companies. With a corpus of $85 million, Lok Capital has so far invested in around 15 companies including Ujjivan Financial Services Ltd, Vistaar Financial Services Pvt Ltd, Hippocampus Learning Centres Pvt Ltd, Suryoday Micro Finance Ltd and Satin Creditcare Network Ltd.