A naukri.com initiative
Economic Times
4w
410
Image Credit: Economic Times
HealthQuad targets raising $300 million third fund to back healthcare tech startups
- Healthcare venture capital firm HealthQuad is raising $300 million for its third India-focussed fund with a $200 million corpus and a $100 million greenshoe option.
- HealthQuad, backed by Quadria Capital, focuses on funding tech-enabled healthcare startups in India at the early-growth stage.
- The firm's previous funds supported over 18 companies including Qure.ai, Medikabazaar, and Strand Life Sciences.
- HealthQuad's leadership team split from Kois, co-founder of the firm, leading to the launch of a new fund named HealthKois.
- Sunil Thakur, HealthQuad's cofounder, mentioned that the firm fully owns its previous funds I and II under Quadria.
- The new fund will focus on funding companies addressing operational challenges for hospital chains, aiming to support 13-15 companies.
- HealthQuad plans to leverage Quadria Group's extensive Asia network and institutional relationships to drive growth in its portfolio companies.
- Parent company Quadria Capital recently raised $1.07 billion for its third fund, reflecting strong investor interest in the group's strategy.
Read Full Article
24 Likes
For uninterrupted reading, download the app