Indian movie actor Vivek Oberoi has invested in US-based SkyLimit Integrated Solution, a multi-discipline regenerative medicine company, and picked up a majority stake. Along with Oberoi, SkyLimit’s founder Haresh M Mehta also made an investment. The duo will put in Rs 500 crore over the next three years in the company to open 150 clinics across India.
Oberoi sees this as a lucrative opportunity to get advanced American technology in the medical field to India. He also believes the business model will allow a high-return on investment and an average breakeven period of three years, including upgrades.
Launched in the US in 2012, SkyLimit offers alternate and non-invasive treatment for joint pain, neuropathy, spinal disorders and weight loss. The company has two clinics in the US – Rock Hill in South Carolina and Decatur in Georgia, where it claims to offer treatment to 30,000 patients for obesity management, 15,000 patients for pain management, and 10,000-12,000 patients for diabetes and neuropathy per year.
Last year, it launched its Indian clinic in Juhu, Mumbai, and will inaugurate a flagship clinic in World Trade Centre in Mumbai today.
Bollywood stars have been interested in startups for long. The long list of investors includes Amitabh Bachchan, Anil Kapoor, Saumya Tandon, Manoj Bajpayee, Neha Dhupia, Ajay Devgan, Karishma Kapoor and Hrithik Roshan.