TARA India Fund IV
Primarily targets profitable and socially relevant investments in India via small to middle-sized innovative technology-enabled Indian companies. The fund largely focuses its investments on sectors creating a positive social footprint.
Invest
Impact
Inspire
AUM
AUM
AUM
Portfolio Companies
Portfolio Companies
Portfolio Companies
Patients served
Patients served
Patients served
Hours of training
Hours of training
Hours of training
Team
Team
Parag Vaidya
Associate Partner & Chief Financial Officer, Mumbai office
Kaustubh Shanbag
Associate, Mumbai office
Krati Garg
Manager, Mumbai office
Mamtha Gujaran
Office Manager, Mumbai office
Parag Vaidya
Associate Partner & Chief Financial Officer, Mumbai office
Kaustubh Shanbag
Associate, Mumbai office
Krati Garg
Manager, Mumbai office
Mamtha Gujaran
Office Manager, Mumbai office
Portfolio Companies
Portfolio Companies
OVUM: High-end maternal and child care reducing the mortality and morbidity rate of newborns
Company inception year: 2011
Investment year: 2016
India sees over 1 million neonatal deaths per annum and very high premature delivery rates. This is due to a lack of quality mother and childcare services and non-availability of fully equipped Neonatal Intensive Care Units (NICUs).
OVUM hospital is a maternity and childcare specialty hospital founded by a team of four doctors to cater to the demands of specialized quality care for the growing middle class of India thereby bridging the healthcare gap. At the time of investment, OVUM had two hospitals with 36 beds, 10 NICU beds and one IVF centre in Banaswadi. It also provided NICU coverage to Milann Fertility Centre and Chinmaya Mission Hospital.
OVUM’s impact
~1600 births healthy babies delivered
480+ Neonatal Intensive Care Unit treatments
750+ gynaecology treatments
99.6% neonatal survival rate achieved
Lilac Insights: Providing prenatal screening and genetic services to improve pregnancy outcomes
Company inception year: 2011
Investment year: 2017
Founded by a team of three healthcare professionals and advised by leading gynaecologists who have extensive prenatal expertise, Lilac Insights provides prenatal screening and genetic services to improve the pregnan- cy outcome by offering early insights into the health of babies before their birth.
Lilac Insights presently operates through its main genetic laboratory at Navi Mumbai and satellite laboratories at Ludhiana and Chandigarh and has relationships with more than 700 maternity homes and doctors.
Lilac Insights’ impact
144+ prenatal screenings conducted since investment
LifCare: Full-service subscription pharmacy focused on chronic disease management
Company inception year: 2015
Investment year: 2018
Lifcare is a full-service subscription pharmacy focused on chronic disease management, with a robust offline channel for customer servicing. At the time of investment, the Company was servicing Delhi, Jaipur and Tier-II, III and IV towns in Rajasthan.
Lifcare offers higher availability of medicines, access to genuine drugs, product discounts and helps improve medical adherence.
LifCare’s impact
97% of prescriptions filled, compared to an average fill- rate of prescription of 70% in India
Increased adherence to prescription-based medicine
Significant reduction of counterfeit drugs in circulation as a result of direct sourcing of drugs by LifCare
Panacea medical technologies: Manufacturing affordable radiotherapy equipment for cancer treatment
Company inception year: 1999
Investment year: 2017
Panacea Medical Technologies is the only Indian company manufacturing radiotherapy equipment, building an affordable linear accelerator that is 50% cheaper than competition.
At its state-of-the-art research facility in Bengaluru, the company builds products with advanced technology at par with major global manufacturers, driven by a lean research and development system.
Apart from its operations in India, the company is present in 25 countries globally through direct employees and channel partners, and has already mapped the market for linear accelerator across India, Africa and SouthEast Asia for the large underserved and unserviced market for cancer treatment in emerging markets.
Panacea’s impact
60+ units sold
800,000+ patients treated
Disprz: Online classroom learning for educational institutions and enterprises
Company inception year: 2016
Investment year: 2018
Disprz provides a platform for the learning industry to deliver high engagement education and training experiences online on all devices in emerging market network conditions.
The company focuses on both classroom learning and online learning for educational institutions (K12 schools, higher education, coaching and online certifications) and enterprises (corporate learning and collaboration).
Disprz’s impact
200,000+ blue-collar workers using the platform
350,000+ hours spent by blue-collar workers on the platform
Transerve Technologies: Developing geospatial solutions for urban planning and development
Company inception year: 2009
Investment year: 2017
Inefficient resource management & tax leakages are some of the key issues in the Indian urban setting. Transerve helps, namely, urban planning bodies plug leakages in tax revenue and be efficient in resource management, which ultimately benefits the local population.
Transerve provides geospatial solutions for urban planning and development, focusing on property tax, water & sanitation. It offers location-based information software to empower decision makers to develop smart cities. It has diverse applications, including property tax, city revenue modules, utilities, air, water and noise pollution.
Transerve’s impact
15,000 properties covered for local governments
1,8M households covered for local governments
80+ sq. km covered for water and sanitation
Caliper business solutions
Company inception year: 2016
Investment year: 2018
Caliper contributes to the economic empowerment of players operating transportation (shippers, transporters, brokers, fleet owners, drivers, etc.) by bridging the digital divide through improved transparency, efficiency and financial inclusion in the ecosystem.
They for instance, helped in elevating of the status of truck drivers. They also greatly improved utilization and income through facilitation of order to idling drivers.
Caliper’s impact
1,400+ truck drivers saw their status elevated, with improvements in job quality and new job opportunities
20+ corporates saw an improvement in the utilization of their income through the facilitation of order for idle drivers and fleet
Infinite Uptime India: IIoT solution provider for engineering and processing industries
Company inception year: 2015
Investment year: 2018
Infinite Uptime is an Industrial Internet of Things (IIoT) solution provider for improved quality, productivity, monitoring and predictive maintenance in the engineering and processing industries.
Their technology allows for less downtime of equipment, leading to higher energy efficiency and enhanced productivity ultimately contributing to reduced emissions for the same level of output.
Besides, the monitoring solutions of the company improve worker safety in all installations with 18 such incidents having already been predicted.
Infinite Uptime’s impact
120+ safety incidents detected using the platform
4,384 hours reduction in downtime
5-10% average efficiency improvements
OVUM: High-end maternal and child care reducing the mortality and morbidity rate of newborns
Company inception year: 2011
Investment year: 2016
India sees over 1 million neonatal deaths per annum and very high premature delivery rates. This is due to a lack of quality mother and childcare services and non-availability of fully equipped Neonatal Intensive Care Units (NICUs).
OVUM hospital is a maternity and childcare specialty hospital founded by a team of four doctors to cater to the demands of specialized quality care for the growing middle class of India thereby bridging the healthcare gap. At the time of investment, OVUM had two hospitals with 36 beds, 10 NICU beds and one IVF centre in Banaswadi. It also provided NICU coverage to Milann Fertility Centre and Chinmaya Mission Hospital.
OVUM’s impact
~1600 births healthy babies delivered
480+ Neonatal Intensive Care Unit treatments
750+ gynaecology treatments
99.6% neonatal survival rate achieved
Lilac Insights: Providing prenatal screening and genetic services to improve pregnancy outcomes
Company inception year: 2011
Investment year: 2017
Founded by a team of three healthcare professionals and advised by leading gynaecologists who have extensive prenatal expertise, Lilac Insights provides prenatal screening and genetic services to improve the pregnan- cy outcome by offering early insights into the health of babies before their birth.
Lilac Insights presently operates through its main genetic laboratory at Navi Mumbai and satellite laboratories at Ludhiana and Chandigarh and has relationships with more than 700 maternity homes and doctors.
Lilac Insights’ impact
144+ prenatal screenings conducted since investment
LifCare: Full-service subscription pharmacy focused on chronic disease management
Company inception year: 2015
Investment year: 2018
Lifcare is a full-service subscription pharmacy focused on chronic disease management, with a robust offline channel for customer servicing. At the time of investment, the Company was servicing Delhi, Jaipur and Tier-II, III and IV towns in Rajasthan.
Lifcare offers higher availability of medicines, access to genuine drugs, product discounts and helps improve medical adherence.
LifCare’s impact
97% of prescriptions filled, compared to an average fill- rate of prescription of 70% in India
Increased adherence to prescription-based medicine
Significant reduction of counterfeit drugs in circulation as a result of direct sourcing of drugs by LifCare
Panacea medical technologies: Manufacturing affordable radiotherapy equipment for cancer treatment
Company inception year: 1999
Investment year: 2017
Panacea Medical Technologies is the only Indian company manufacturing radiotherapy equipment, building an affordable linear accelerator that is 50% cheaper than competition.
At its state-of-the-art research facility in Bengaluru, the company builds products with advanced technology at par with major global manufacturers, driven by a lean research and development system.
Apart from its operations in India, the company is present in 25 countries globally through direct employees and channel partners, and has already mapped the market for linear accelerator across India, Africa and SouthEast Asia for the large underserved and unserviced market for cancer treatment in emerging markets.
Panacea’s impact
60+ units sold
800,000+ patients treated
Disprz: Online classroom learning for educational institutions and enterprises
Company inception year: 2016
Investment year: 2018
Disprz provides a platform for the learning industry to deliver high engagement education and training experiences online on all devices in emerging market network conditions.
The company focuses on both classroom learning and online learning for educational institutions (K12 schools, higher education, coaching and online certifications) and enterprises (corporate learning and collaboration).
Disprz’s impact
200,000+ blue-collar workers using the platform
350,000+ hours spent by blue-collar workers on the platform
Transerve Technologies: Developing geospatial solutions for urban planning and development
Company inception year: 2009
Investment year: 2017
Inefficient resource management & tax leakages are some of the key issues in the Indian urban setting. Transerve helps, namely, urban planning bodies plug leakages in tax revenue and be efficient in resource management, which ultimately benefits the local population.
Transerve provides geospatial solutions for urban planning and development, focusing on property tax, water & sanitation. It offers location-based information software to empower decision makers to develop smart cities. It has diverse applications, including property tax, city revenue modules, utilities, air, water and noise pollution.
Transerve’s impact
15,000 properties covered for local governments
1,8M households covered for local governments
80+ sq. km covered for water and sanitation
Caliper business solutions
Company inception year: 2016
Investment year: 2018
Caliper contributes to the economic empowerment of players operating transportation (shippers, transporters, brokers, fleet owners, drivers, etc.) by bridging the digital divide through improved transparency, efficiency and financial inclusion in the ecosystem.
They for instance, helped in elevating of the status of truck drivers. They also greatly improved utilization and income through facilitation of order to idling drivers.
Caliper’s impact
1,400+ truck drivers saw their status elevated, with improvements in job quality and new job opportunities
20+ corporates saw an improvement in the utilization of their income through the facilitation of order for idle drivers and fleet
Infinite Uptime India: IIoT solution provider for engineering and processing industries
Company inception year: 2015
Investment year: 2018
Infinite Uptime is an Industrial Internet of Things (IIoT) solution provider for improved quality, productivity, monitoring and predictive maintenance in the engineering and processing industries.
Their technology allows for less downtime of equipment, leading to higher energy efficiency and enhanced productivity ultimately contributing to reduced emissions for the same level of output.
Besides, the monitoring solutions of the company improve worker safety in all installations with 18 such incidents having already been predicted.
Infinite Uptime’s impact
120+ safety incidents detected using the platform
4,384 hours reduction in downtime
5-10% average efficiency improvements