Techjockey News

SaaS (software as a service) healthcare company, THB, secured a $20 Million in funding on Friday. The investment was made through a growth equity round and was led by two firms, Edelweiss Discovery Fund Series-1, and Filter Capital. Other participants included Cornerstone Venture Partners Fund and Healthquad, among others.

Abhishek Prashad, the Managing Director at CSVP Fund, stated that THB is one of the leading SaaS healthcare industries in India as well as other countries in Asia. They have created their own data infrastructure and applications to assist healthcare organizations in providing personalized treatment to their patients.

Prasad believes that THB has the potential to achieve significant growth on a global scale and that he and his team are excited to be part of that journey.

The company THB plans to use the money it has raised to expand its business worldwide and speed up its growth in the regions of Southeast Asia, the Middle East, and South Asia, where it already has a presence.

This means that THB will likely invest in infrastructure, marketing, and hiring new employees to support its expansion efforts in these regions. The goal is to increase revenue and market share in these areas.

THB serves diverse clients across multiple countries in the healthcare industry. These clients include pharmaceutical companies, hospitals, consumer health firms, diagnostic labs, primary care providers, medical technology firms, and insurance providers. The countries that THB operates in include Bangladesh, India, UAE, Sri Lanka, Saudi Arabia, Singapore, Indonesia, and Malaysia.