Saturday, Feb 4, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Hyderabad | Bluesemi Secures 69 Million Capital Commitment From Gem Global Yield

BlueSemi secures $69 million capital commitment from GEM Global Yield

Hyderabad: BlueSemi, a consumer healthtech firm, secured $69 million (Rs 510 crore) capital commitment from Luxembourg-based private alternative investment group GEM Global Yield (GEM) as the company seeks to go public.The amount will be provided on a shared subscription facility over a 36-month term following a public listing of BlueSemi’s common stock. The firm will […]

By Telangana Today
Updated On - 08:47 PM, Wed - 27 October 21
BlueSemi secures $69 million capital commitment from GEM Global Yield

Hyderabad: BlueSemi, a consumer healthtech firm, secured $69 million (Rs 510 crore) capital commitment from Luxembourg-based private alternative investment group GEM Global Yield (GEM) as the company seeks to go public.

The amount will be provided on a shared subscription facility over a 36-month term following a public listing of BlueSemi’s common stock. The firm will have the autonomy to determine the timing and maximum amount of drawdowns under this facility with no minimum obligation.

With the investment, BlueSemi is gearing up to launch its flagship consumer healthtech product, which is a non-invasive device that analyses six vitals like blood glucose, ECG, BP, HR, SPO2, and temperature in 60 seconds.

“The device monitors, analyses and gives insights regarding chronic diseases, food intake, workout, and stress levels. We are thrilled to unveil this device in the coming months. GEM’s portfolio of companies includes 20 plus healthcare firms across the globe and their commitment helps us in placing our product in the global markets and scale exponentially.”

BlueSemi, founded in 2017, is into building products in preventive and connected healthtech. Initial support for the startup had emerged from T-Hub, CIE at IIIT-Hyderabad and NASSCOM 10K Startups. The company is also funded the Department of Science and Technology and also the Ministry of Electronics and Information Technology.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter.


  • Follow Us :
  • Tags
  • BlueSemi
  • HealthTech
  • Nasscom
  • T-Hub

Related News

  • Bala Vikasa CSRB in partnership with TSIC to organise Entrepreneurship Summit

    Bala Vikasa CSRB in partnership with TSIC to organise Entrepreneurship Summit

  • T-Hub launches cohorts of T-Angel, RubriX

    T-Hub launches cohorts of T-Angel, RubriX

  • T-Hub wins Best Incubator in India award

    T-Hub wins Best Incubator in India award

  • Focus on impact creation, employment generation: KTR urges startup community

    Focus on impact creation, employment generation: KTR urges startup community

  • T- Hub announces Global Immersion Programme for tech startups

    T- Hub announces Global Immersion Programme for tech startups

  • Hyderabad: US Ambassador Beth Jones visits T-Hub

    Hyderabad: US Ambassador Beth Jones visits T-Hub

Latest News

  • Rewind: Too taxing an idea  

    2 hours ago
  • Destination USA: Brief history and evolution of higher education in US

    2 hours ago
  • CESS to study Dalit Bandhu, says KTR

    2 hours ago
  • This park in Hyderabad seeks to teach concepts of science

    3 hours ago
  • India not just about Pradhani and Adani: KTR

    3 hours ago
  • ‘Several initiatives being taken up to streamline traffic flow’

    3 hours ago
  • ISL: Hyderabad FC, Mumbai FC playout a draw

    4 hours ago
  • Country wants Telangana model of development, says BRS MLA Veeraiah

    4 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam