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India-focused healthcare VC fund HealthQuad on Thursday introduced the ultimate shut of its second fund elevating $162 million (₹1,215 crore) led by international biopharmaceutical firm MSD. The whole subscription of the fund was almost 2.2x better than its goal dimension at launch.
Different international monetary buyers, strategic establishments in pharma and healthcare, growth monetary establishments (DFI), funds of funds and huge European conglomerates additionally invested within the spherical. The various investor base consists of Ackermans & van Haaren (AvH), Lecturers Insurance coverage and Annuity Affiliation of America (TIAA), Quilvest, HCL Company, DFIs corresponding to CDC, Swedfund and SIDBI and India’s main banking providers firm.
HealthQuad Fund-II will probably be investing in 10-15 personal firms throughout high-growth segments of the healthcare sector in India, aiming to generate worth in addition to obtain deep social impression.
Well being fairness
HealthQuad invests in disruptive healthcare fashions, sometimes utilizing expertise to attain attain, scale in addition to impression. It’s backed by Quadria Capital, a number one healthcare centered personal fairness fund in Asia, and KOIS, a worldwide pioneer in impression investing and revolutionary finance.
Charles-Antoine Janssen, Co-founder and Chief Funding Officer of HealthQuad, mentioned, “The shut of our second fund marks a major step for HealthQuad as we proceed to put money into one of many world’s most promising healthcare markets. India’s healthcare trade is compounding at ~20 per cent progress charge and is prone to be a $372 billion trade by finish of this 12 months. The brand new-age revolutionary fashions are fuelling the rise of the Indian health-tech market which is rising at 25 per cent yearly and is poised to achieve $21 billion by 2025.”
“We’re energised by the imaginative and prescient our World Buyers (LPs) share with us of a flourishing and evolving Indian healthcare ecosystem that solutions the wants of the individuals throughout all earnings segments whereas producing engaging monetary returns. We have now been investing within the healthcare market in India since 2016 and are grateful for the significant partnerships we’re constructing with world class, path breaking entrepreneurs who emerge from India’s rising pool of 8,000+ well being tech firms,” he added.
Carmen Villar, VP Social Enterprise Innovation at MSD, mentioned: “At MSD we’re dedicated to advancing well being fairness globally by our impression investing portfolio. Our funding in HealthQuad will contribute to a strong and sustainable healthcare ecosystem by revolutionary options in monetary inclusion, affected person engagement, and provide chain, in India and all over the world”
Over $60 million of HealthQuad Fund-II has already been deployed in excessive progress and disruptive firms in every of the sub segments of the healthtech ecosystem. These investments embody Medikabazaar, THB, Stanplus, Ekincare, Impactguru, Qure.ai and HealthifyMe.
Revealed on
March 31, 2022
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