Cura Healthcare gets $6 m funding

Chennai-based medical device maker Cura Healthcare has received $6 million funding from private equity firm Peepul Capital. The investor currently holds the majority stake in the company. Cura, which had got $9 million from Peepul four years ago, is looking to expand into nuclear medicine – which is about utilising radioactive substance as medicine – and healthcare IT. The company is looking at acquiring a device maker with wide market coverage in the country. The acquisition is expected to cost about $8 million, Chief Executive Officer M Balasubramaniam told reporters. Business Line