Vivo didn’t disclose the size of funding
Vivo didn’t disclose the size of funding

Vivo Healthcare raises undisclosed amount from BCCL investment arm Springboard Ventures

The investment is designed to strengthen Vivo's marketing and distribution reach through access to BCCL's stable of leading publications

Hyderabad: Gurgaon-based healthcare training and education provider Vivo Healthcare Ltd on Tuesday said it has raised funding from Springboard Ventures, an investment arm of media house Bennett, Coleman & Co. Ltd (BCCL).

Vivo didn’t disclose the size of funding.

“The investment is designed to strengthen Vivo’s marketing and distribution reach through access to BCCL’s stable of leading publications, television and digital media, which reach over 200 million consumers across South Asia," Vivo said in a statement.

Founded by Shakti Singh and Reena Puri in 2009, Vivo offers job-oriented programmes, besides health, safety and life support training plans for corporates, schools and healthcare providers. It also offers ambulance services for select clients.

Vivo said it is developing a network of training centres in key healthcare hubs in India and has recently opened its first centre in United Arab Emirates.

Besides career, it has extended its training programmes to address the growing market for health and safety education in schools, corporates and other niche segments such as the adventure sports communities.

“In Vivo, we found the right idea, and the right partners that can create a dominant brand in the healthcare education space," said Rajesh Sharma, director, BCCL and national head, Springboard Ventures.

Springboard earlier invested in grocery e-tailing venture LocalBanya, lingerie firm Daiki Brands and diabetes care firm Lifespan.

HT Media Ltd, the publisher of Mint and Hindustan Times, competes with the products of BCCL in different markets.

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