Dear Friends,

The threat of the pandemic may have abated, but India's health challenges remain and systems need strengthening. We, at SAMRIDH, are committed to providing affordable capital and business advisory services to healthcare enterprises to help them overcome barriers to scaling up. This quarter, SAMRIDH announced important partnerships with Axis Bank towards bridging the financing gap as well as Atal Innovation Mission (AIM) and Women Entrepreneurship Platform (WEP), NITI Aayog to go beyond financial assistance and build an enabling ecosystem for entrepreneurs. We also recognize the importance of investing in women-owned enterprises through multi-sectoral partnerships to create an enabling environment for women entrepreneurs. As we face emerging variants of concern and health crises, team SAMRIDH would like to reinforce commitment to ensuring accessible and affordable healthcare for the most vulnerable.

Wishing safety and good health for all!

Himanshu Sikka

Project Director,


Technical Support Unit at
IPE Global

Impact To Date

Veena Reddy

Mission Director

Atal innovation Mission and SAMRIDH collaborate healthcare enterprises and innovations with blended finance solutions.

Our collaboration with Niti Aayog, AIM, and IPE Global will supercharge our collective efforts to meet the needs of India’s most vulnerable to reach underserved populations. Today as we call for proposals from innovators and entrepreneurs, particularly women-led enterprises across India, I’m hopeful that our collaboration will bring a long-lasting impact to India’s health sector. We are confident that SAMRIDHwill inspire more innovative private players and traditional funding agencies to invest in efforts that bring the possibility of both social and financial returns for a healthier and more productive population.


The Atal Innovation Mission (AIM), NITI Aayog, and SAMRIDH have joined hands to improve access to affordable and quality healthcare for vulnerable populations in tier-2 and tier-3 cities, and rural and tribal regions.

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Axis Bank announced a commitment of $150 Million to SAMRIDH o enhance access to affordable capital for small and medium enterprises to scale high-impact health solutions for India’s most vulnerable.

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white paper on blended
finance in healthcare

Atal Innovation Mission (AIM), NITI Aayog and SAMRIDH
Healthcare Blended Finance Facility, as part of their collaboration,
released a White Paper “Reimagining Healthcare in India through
Blended Finance” to highlight how blended finance can serve as a
powerful tool to enable the scale-up of high-impact market-ready
health solutions.


BlackFrog Technologies Pvt. Ltd.

Vaccine cold chain technology

Blackfrog has developed Emvólio, a portable medical-grade refrigerator designed to disperse vaccines under controlled temperatures for up to 12 hours. SAMRIDH's blended financing mechanisms is enabling Blackfrog Technologies to scale its manufacturing capacity and deploy Emvólio, across India.

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Cardiac Design Labs

Telemetric patient monitoring system

Blackfrog has developed Emvólio, a portable medical-grade refrigerator designed to disperse vaccines under controlled temperatures for up to 12 hours. SAMRIDH's blended financing mechanisms is enabling Blackfrog Technologies to scale its manufacturing capacity and deploy Emvólio, across India.

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CHD group

ICU Beds Expansion

CHD Group’s Mission ICU is bolstering existing ICU capacity in tier 2 and tier 3 cities in Karnataka. SAMRIDH is enabling them to expand their reach to meet present and future risks and surge capacities.

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Artificial intelligence-enabled solution’s AI solution for chest X-rays, qXR, is aiding in early identi-fication of highly communicable diseases while allowing healthcare workers to prioritize treatment and reduce transmission. SAMRIDH is enabling to scale qXR in a total of 50 sites across India.

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Stories of

Woman entrepreneur repurposes tech to fight Covid-19 spread

SAMRIDH-supported Saral Design, a Mumbai -based startup, developed a fully automatic sanitary pad-making machine to provide high-quality affordable menstrual hygiene products to underprivileged women.

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Enabling access to high-quality affordable defibrillators

Jeevtronics, a Pune-based startup has developed a first of its kind low maintenance, cost-effective, hand-cranked defibrillator. SAMRIDH has enabled Jeevtronics to increase accessibility to this life-saving device across resource-constrained hospitals in semi-urban and rural regions of India.

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Strengthening the Cadre of ‘Community Health Facilitators’

SAMRIDH is enabling Centre for Development Orientation and Training (CDOT) to train and deploy 450 Community Health Facilitators (CHFs) in Bihar and Jharkhand to spread awareness on health insurance, improve health-seeking behaviour, and educate community members on COVID-19 treatment and mitigation measures.

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Atal Innovation Mission (AIM), NITI Aayog & SAMRIDH Partnership Announcement

8th February | New Delhi (Live streamed on YouTube)

This virtual session marked the partnership between Atal Innovation Mission (AIM) and SAMRIDH and brought together sector experts to discuss the role of blended finance in solving India’s pressing health system challenges. At the session, AIM and SAMRIDH also jointly announced a call for proposals for healthcare enterprises.

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Rising Need for Gender Lens Investing to Solve India’s Complex Healthcare Challenges

8th March | Virtual

At a virtual session on International Women’s Day, USAID announced a dedicated 5 million USD, from its current support to SAMRIDH, to prioritize women-led businesses in healthcare. Through this event, SAMRIDH also brought together a diverse panel to discuss the rising need for gender lens investing to solve India’s complex healthcare challenges.

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8th NATHEALTH Annual Summit 2022

28th and 29th March | New Delhi

This event brought together stakeholders from the healthcare industry and the government to discuss, deliberate, and lay the roadmap for stronger, resilient health systems in India. SAMRIDH team members participated in a range of sessions including panel discussions on innovative financing, asset light delivery models, CSR funding for healthcare and unique networking opportunities such as the business pavilion.

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SAMRIDH has Supported GNRC Hospitals – a Chain of Multi-specialty Hospitals in Assam, with $1.2 million funding | The Economic Times

How philanthropic collaboratives can help the vulnerable | The Indian Express gets financial support to develop AI-based lung screening software | The Hindu Business Line


Healthcare Worker Training Programs for COVID-19 Preparedness | Report

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FP Virtual Dialogue: Mobilizing Financing for Inclusive Development| Report

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Mukti Pay-For-Performance Program: Eliminating Tuberculosis in India with improved nutritional care and support | Success Stories

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The Sustainable Access to Market and Resources for Innovative Delivery of Healthcare (SAMRIDH), is an initiative under USAID/ India and IPE Global’s Flagship project Partnerships for Affordable Healthcare Access and Longevity (PAHAL) to catalyze innovative financing mechanisms to improve healthcare services for India’s most vulnerable populations.

To learn more, visit


IPE Global House,
B-84, Defence Colony,
New Delhi - 110024

+91 11 4075 5900
+91 11 4075 5900

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Disclaimer: This newsletter is made possible by the generous support of the American People through the United States Agency for International Development (USAID) under the terms of Cooperative Agreement No.AID-386-A-15-00014. The contents are the sole responsibility of IPE Global Limited and do not necessarily reflect the views of USAID or the United States Government.