Niva Bupa has raised Rs 800 crores from a consortium of investors. Confirming the news, Siddharth Parekh , senior partner & co-founder of Paragon Partners, in a post on social media, outlined that Paragon Partners is now one of the investors im in Niva Bupa Health Insurance as a part of the Rs. 800 crores equity capital alongside Temasek and Motilal Oswal PE fund.
According to Parekh, “This marks our first investment in the insurance sector and our fourth investment in the financial services sector. We are excited to be a part of Niva Bupa’s mission to provide access to the best healthcare to every Indian and look forward to working closely with the MD & CEO Krishnan Ramachandran and the team at Niva Bupa Health Insurance , Bupa and TrueNorth.”
Niva Bupa’s journey is underscored by a robust 49% CAGR over the past 3 years, making them the third largest health insurer in India.