Bengaluru-based Medi Assist Healthcare Services has announced a significant investment from the Massachusetts Institute of Technology (MIT) and 238 Plan Associates LLC, an MIT affiliate. The total infusion of Rs 198 crore was raised through a preferential allotment on a private placement basis.
As part of the preferential allotment, Medi Assist issued 37,01,000 fully paid-up equity shares with a face value of Rs 5 each, at an issue price of Rs 535 per share, raising a total consideration of Rs 198 crore.
The transaction received unanimous approval from the Board of Medi Assist during their meeting on August 7, 2025, and was strongly endorsed by shareholders at an Extra-ordinary General Meeting (EGM) held on September 4, 2025, with an overwhelming 99.15% of votes cast in favor.
This capital infusion follows Medi Assist Insurance TPA’s acquisition of Fairfax-owned Paramount Health Services & Insurance TPA Private Limited in July 2025 and the company’s strategic collaboration with Star Health Insurance and Allied Services in June 2025 to provide technology solutions for India’s leading private and retail segment health insurer.
With this successful capital raise, Medi Assist reinforces its commitment to sustaining a strong capital structure and driving innovation-led growth.
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