About Vasan Eye Care
Vasan Eye Care is a company based in Chennai (India) founded in 2002 was acquired by ASG Eye Hospitals in March 2023.. Vasan Eye Care has raised $157.1 million across 7 funding rounds from investors including Murugappa Group, ASG Eye Hospitals and WestBridge Capital. The company has 1,989 employees as of April 05, 2024. Vasan Eye Care offers products and services including Cataract Surgery, LASIK Surgery, Retina Services, Dry Eye Treatment, and Glaucoma Treatment. Vasan Eye Care operates in a competitive market with competitors including ASG Eye Hospitals, Centre for Sight, Eye-Q, Dr. Agarwal's Eye Hospital and Sharp Sight Eye Hospitals, among others.
- Headquarter Chennai, India
- Employees 1989 as on 05 Apr, 2024
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Vasan Health Care Private Limited
- Date of Incorporation 22 Jun, 2007
- Jurisdiction Chennai, Tamil Nadu, India
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Annual Revenue
$22.75 M (USD)13.93as on Mar 31, 2023
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Net Profit
$-11.62 M (USD)-3.73as on Mar 31, 2023
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EBITDA
$1.38 M (USD)-44.59as on Mar 31, 2023
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Total Equity Funding
$157.1 M (USD)
in 7 rounds
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Latest Funding Round
$1.36 M (USD), Series C
Oct 29, 2013
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Investors
Murugappa Group
& 46 more
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Employee Count
1989
as on Apr 05, 2024
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Acquired by
ASG Eye Hospitals
(Mar 05, 2023)
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Products & Services of Vasan Eye Care
Vasan Eye Care offers a comprehensive portfolio of products and services, including Cataract Surgery, LASIK Surgery, Retina Services, Dry Eye Treatment, and Glaucoma Treatment. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Procedure to remove cloudy eye lens and restore vision
Laser treatment to correct vision problems like nearsightedness
Services for retinal conditions including laser therapies
Management of dry eye symptoms through medications and procedures
Interventions to manage eye pressure and prevent vision loss
Funding Insights of Vasan Eye Care
Vasan Eye Care has successfully raised a total of $157.1M across 7 strategic funding rounds. The most recent funding activity was a Series C round of $1.36 million completed in October 2013. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series C — $1.4M
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First Round
First Round
(18 Feb 2009)
- Investors Count 46
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2013 | Amount | Series C - Vasan Eye Care | Valuation | M A Alagappan | |
| Mar, 2012 | Amount | Series C - Vasan Eye Care | Valuation | GIC , WestBridge Capital | |
| Feb, 2012 | Amount | Angel Round - Vasan Eye Care | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vasan Eye Care
Vasan Eye Care has secured backing from 47 investors, including institutional, angel, and venture fund investors. Prominent investors backing the company include Murugappa Group, ASG Eye Hospitals and WestBridge Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Investment firm focusing on purpose-driven capital for Indian entrepreneurs in sectors like financial services and technology.
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Founded Year | Domain | Location | |
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Assets are managed and venture capital invested across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Vasan Eye Care
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Vasan Eye Care
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vasan Eye Care Comparisons
Competitors of Vasan Eye Care
Vasan Eye Care operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as ASG Eye Hospitals, Centre for Sight, Eye-Q, Dr. Agarwal's Eye Hospital and Sharp Sight Eye Hospitals, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A chain of super specialty eye care hospitals is operated.
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| domain | founded_year | HQ Location |
Chain of eye care hospitals
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| domain | founded_year | HQ Location |
Eye care services are offered via a hospital chain.
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| domain | founded_year | HQ Location |
Chain of eye care hospitals
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| domain | founded_year | HQ Location |
Eye care treatments are delivered via a hospital network.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vasan Eye Care
Frequently Asked Questions about Vasan Eye Care
When was Vasan Eye Care founded?
Vasan Eye Care was founded in 2002 and raised its 1st funding round 7 years after it was founded.
Where is Vasan Eye Care located?
Vasan Eye Care is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Is Vasan Eye Care a funded company?
Vasan Eye Care is a funded company, having raised a total of $157.1M across 7 funding rounds to date. The company's 1st funding round was a Angel Round of $3.12M, raised on Feb 18, 2009.
How many employees does Vasan Eye Care have?
As of Apr 05, 2024, the latest employee count at Vasan Eye Care is 1,989.
What is the annual revenue of Vasan Eye Care?
Annual revenue of Vasan Eye Care is $22.75M as on Mar 31, 2023.
What does Vasan Eye Care do?
Vasan Eye Care was established in 2002 in Chennai, India, as a chain of hospitals specializing in ophthalmology. Operations focus on comprehensive eye treatments, including cataract and refractive surgery, Contoura Vision procedures, retina care, anti-VEGF and dry eye therapies, and vitrectomy. Accessibility features such as wheelchair support and amenities are provided at facilities, primarily serving patients in the healthcare sector throughout India.
Who are the top competitors of Vasan Eye Care?
Vasan Eye Care's top competitors include Centre for Sight, Eye-Q and ASG Eye Hospitals.
What products or services does Vasan Eye Care offer?
Vasan Eye Care offers Cataract Surgery, LASIK Surgery, Retina Services, Dry Eye Treatment, and Glaucoma Treatment.
Who are Vasan Eye Care's investors?
Vasan Eye Care has 47 investors. Key investors include Murugappa Group, ASG Eye Hospitals, WestBridge Capital, Peak XV Partners, and Aquarius Investment Advisors.
What is Vasan Eye Care's valuation?
The valuation of Vasan Eye Care is $384M as of Oct 2013.