SAMRIDH
SAMRIDH HEALTHCARE BLENDED FINANCING FACILITY IS A COLLABORATIVE INITIATIVE SUPPORTED BY THE USAID AND IMPLEMENTED BY IPE GLOBAL
The initiative supports high impact and commercially sustainable solutions targeted at improving healthcare services for the vulnerable communities. SAMRIDH, using blended financing solutions, combined with in-depth market intelligence, backs innovators and entrepreneurs through their critical stages of growth, maximizing their efforts towards building an inclusive healthcare system for India.
USAID, in close collaboration with government bodies, bilateral donor agencies, large philanthropies, leading corporates and financial institutions, is working to strengthen healthcare delivery in India through innovation and co-creation.
Our innovative approach combines technology, blended finance, and market insights to provide a unique platform for diverse stakeholders to come together and collectively advance action towards the national healthcare priorities, with particular emphasis on the COVID-19 pandemic.
We are continually exploring partnership opportunities with those who share the vision of an inclusive healthcare system in India and invite you to join us.
We seek to invest in high impact business models to generate transformative impact for the healthcare needs of low-income communities.
We are currently inviting applications from innovators and enterprises, offering scalable solutions, to supplement India’s COVID-19 response, augment health infrastructure and improve capacity. We follow a rigorous review and selection process to support solutions with appropriate investments, fast tracking their growth and market entry.
If you have a market-ready technology or an inclusive business model to strengthen India’s preparedness for emerging healthcare needs, connect with us today!
Co-founder and COO
Blackfrog Technologies
The impact funding and risk guarantee received from SAMRIDH has been instrumental for Blackfrog to raise commercial capital from financial institutions. This has enabled us to scale up our manufacturing capacity for Emvólio and cater to markets across India and overseas.
Co-founder and CEO
Qure.ai
Sharing a common vision to strengthen India’s health system, USAID-supported SAMRIDH has enabled us to sustain existing operations and scale up the deployment of our AI-driven chest X-ray screening solution in rural and semi-urban hospital settings. SAMRIDH’s support is further helping us in unlocking new opportunities to raise capital and meet funding requirements for expansion across the healthcare sector in India and globally.
Founder & CEO
Cardiac Design Labs
SAMRIDH has been a key partner in our efforts to scale-up Padma Vitals across the length and breadth of India, particularly to enhance its access for vulnerable communities. The support received through the initiative enabled us in timely procurement of Padma Vitals devices and improvement in the product outreach. This collaboration has set us on the path to achieve financial sustainability in the long run
Head of Service Sales
Wipro GE Healthcare Pvt. Ltd.
We were able to expand our capacity-building initiative with help from SAMRIDH. SAMRIDH’s initial commitment to support operational expenses for capacity-building trainings of healthcare workers enabled us to secure a work order to skill the youth of the country under various schemes related to COVID-19 training. With this fresh impetus to our initiative, we will continue to deliver transformative impact as we prepare healthcare systems to respond effectively to COVID-19 and other public health emergencies.
Director
Collateral Medical Pvt. Ltd
During the peak of the pandemic, SAMRIDH aided us in securing a working capital term loan, which enabled us to accelerate the supply of oxygen concentrators. The funding and advisory services we received from SAMRIDH enabled us to manage our cash flow more effectively, cut operating expenses, and use the savings as cash collateral to secure a working capital term loan from an impact investment firm. The capital raised allowed us to enhance our ability to fulfill immediate orders and expand our offerings in the healthcare vertical. With continued support from SAMRIDH, we feel confident to enhance the reach of life-saving healthcare solutions across India.
