Healthcare sector projects by Eye-Q India Pvt Ltd in
Project Information
5985
Eye-Q India Pvt Ltd
Eye-care chain Eye-Q plans to aggressively add about 100 centres over the next four years to become a 130-centres-strong specialty hospital chain, up from 34 centres currently.
The specialty hospital chain, which started in 2007, intends to go in for a third round of funding in the near future, for an equity infusion of ₹60-100 crore, Ajay Sharma, Founder and Chairman and Managing Director of Eye-Q told Business Line.
“Right now we have enough money from the existing equity that we have taken, but this year itself we are looking for more funding, which should come in by September or October,” he said. Sharma further said that while initially they got funding from venture capitalists, now they are looking at private equity for future growth.
They are planning to add 25-30 centres each year. Eye-Q, which is present in tier II and III cities in Haryana, Uttar Pradesh, Uttarakhand and Gujarat, will continue to focus on the northern region in the future as well.
However, Sharma said they are looking at some new growth markets too.
“This year more growth will be in Gujarat, followed by Maharashtra and in the north — Haryana and Uttarakhand. After that we will go further west, including Punjab, and in the east,” he said.
For its upcoming infrastructure push too Eye-Q, which employs about 700 people, will continue to focus on the tier II and III cities.
Sharma said now that Eye-Q has picked up pace their new centres break even in six months, up from one-and-a-half years in the initial phases.
Project Value
INR 100 Crore /-
Conceptual
Multi State
India
Healthcare
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