Mumbai: Reliance Industries (RIL) and Tata Group have invested in the Karkinos Healthcare, a oncology startup led by former CEO Tata Trusts R Venkaqanan.
Venkalatan, which rose from the executive assistant for Ratan Tata to become CEO of Tata Trust and the newer out of philanthropic organizations in the midst of controversy, with RIL before establishing Karkinos.
RIL through Digital Reliance has acquired minority shares in Karkinos, while the Group Tata invests RS 110 Crore at Startup Technology.
Karkinos did not disclose investments made by RIL.
In addition, the Tata Group, Chairperson of Tata Trust Ratan Tata is an investor in Karkinos.
Tata Group Promoter, Tata Trusts, has sharpened its focus on oncology in recent years and has increased cancer treatment centers in this country.
Turned on during a pandemic, Karkinos worked with various health institutions in the oncology ecosystem, a statement from startup said.
Apart from Ratan Tata, TVS Chair & Tata Trustee Venu Srinivasan, and Infosys Co-Founder Kris Gopalakrishnan supports Karkinos.
Startup also calculates Ronnie Screwvala Co-Founder Upgrade, founder of Paytm Vijay Shekar Sharma, and Co-Founder Ola Bhavish Agarwal as an investor.
“We are overwhelmed with the support received from a leading business group and personality from Indian companies.
Cancer care continues to be one of the most non-served needs and we focus on scaling our presence in other parts of the country,” said CEO of Karkinos Venkalatan.