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Sagility BV Raises ₹366 Crore Pre-IPO by Selling Stake in Sagility India to Institutional Investors

Sagility BV, a subsidiary of EQT Private Capital Asia, recently raised ₹366 crore by selling a 2.61% stake in Sagility India to nine institutional investors ahead of its upcoming IPO. According to a recent disclosure, Sagility BV sold 12.2 crore shares on October 30 and 31 at ₹30 per share. Notable investors in this pre-IPO sale include 360 ONE and Avendus Future Leaders Fund II. Additionally, Adani Properties, owned by Gautam Adani, purchased a 0.14% stake for ₹20 crore.

Sagility India operates as a technology-driven service provider focused on the U.S. healthcare sector, offering solutions for both payers (insurance companies) and providers (such as hospitals, physicians, and diagnostic companies). In March, the company enhanced its AI-driven customer support by acquiring BirchAI. As of March 31, 2024, Sagility employed 35,044 people, with women making up 60.52% of its workforce.

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