Indian emergency medical services provider Ziqitza Healthcare is aiming to secure about $40 million from private equity (PE) backers.
Ziqitza Healthcare intends to use the proceeds for establishing memory management unit operations in more states, develop outsourcing services and extend operations in the Gulf region.
The company revealed that it is holding discussions with backers from India and abroad, and is seeking to wrap up the fundraising by April 2019.
Ziqitza expects to close the fiscal year 2019 with $62.5 million revenues and for the fiscal year 2020, it is targeting $97.3 million.