New Delhi, Jan. 21 -- Mumbai: InvAscent-backed Ankura Hospitals has kickstarted a fundraising process to raise Rs.400-500 crore in a mix of primary and secondary transactions, three people familiar with the matter said.

based company has appointed Alvarez & Marsal as an advisor to facilitate the capital raise, and the deal is expected to be launched in the coming weeks, the people said.

"Several growth stage will be tapped as a part of the process," one of the people said, adding that the company has seen some inbound interest from strategics as well for a minority stake in the company.

"Its existing investor InvAscent may also exit its 7-year-old minority stake in part or in full in the process," a second person familiar with the matt...