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Global healthare IT/digital health companies have raised USD 5.5 billion in VC funding in January-September this year, more than in all of 2016, says a report.
According to Mercom Capital Group, healthcare IT/digital health companies raised USD 5.5 billion in 586 deals from global VCs in the January-September period of 2017 against USD 4.2 billion from 463 deals in the same period of last year.
In the July-September quarter however, VC funding worth USD 1.5 billion was reported globally in 227 deals, a 38 percent decrease compared to the record USD 2.4 billion raised in 194 deals in April-June 2017.
12:15 pm Earnings Estimates: Electrical equipment maker Havells India is expected to report profit at Rs 143 crore for July-September quarter against Rs 145 crore in same quarter last fiscal, but revenue may increase sharply by 25 percent to Rs 1,943 crore year-on-year.
According to average of estimates of analysts polled by CNBC-TV18, operating profit during the quarter is seen rising to Rs 215 crore compared with Rs 203 crore in year-ago quarter but margin may shrink 190 basis points to 11.1 percent YoY that may hit net profit.
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