BENGALURU : Healthcare software-as-a -service (SaaS) startup Innovaccer has entered the billion-dollar club with its new fund-raising round led by Tiger Global Management trebling its valuation to $1.3 billion. Innovaccer, which was valued at $350 million last year after it closed its Series C funding round, has raised just $105 million in the new round, at a time SaaS startups globally are raising capital at historic highs and gaining investor attention. Existing investors Steadview Capital, Dragoneer, B Capital Group, Mubadala Capital and M12 (Microsoft’s Venture Fund) participated in the round along with new investor OMERS Growth Equity. So, we are focusing on healthcare globally, including India," Shashank, chief executive officer, Innovaccer, told Mint. With the new funding, Innovaccer is launching ‘Innovaccer Health Cloud’, it said.

Source: Mint February 24, 2021 14:59 UTC