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Star Health Insurance raises Rs 320-cr investments

Investors pick up minority stake in the stand-alone health insurance firm

Apis Growth Fund, ICICI Venture invest Rs 320 crore in Star Health Insurance

ApisGrowthFund-1andICICIVenturehaveacquiredaminoritystakeinStarHealthandAlliedInsuranceCompany.TheinvestorshaveinfusedRs320croreintothecompany,whichisvaluedataroundRs2,000crore.ApisGrowthFund-1,aprivateequityfundmanagedbyApisPartnersLLP,andIndiaAdvantageFundSeries4,aprivateequityfundmanagedbyICICIVenture,haveacquiredthestake,whosequantumwasnotdisclosed. ApisPartnershasjoinedtheboardofdirectors,whichincludesexistingshareholdersincludingSequoiaCapitalandTataCapitalGrowthFund. VJagannathan, ...