June 03, 2016: HealthQuad , a healthcare focused venture capital fund has raised Rs 65 crore under its first round of fund raising that will be invested in early stage healthcare companies in India.
The fund plans will focus to reform transformative Indian healthcare platforms, across healthcare delivery services and product, said Amit Varma one of the sponsor of the fund. “These investee companies are expected to increase healthcare productivity, affordability, accessibility while improving patient health and fostering innovation,” he added.
“With ticket size range from Rs one crore to Rs 15 crore, the fund will be invested in the first round funding of these companies, with ticket size range from Rs one 1 crore to Rs 15 crore, Varma said. The investment strategy of the fund will be focused on investing in key healthcare subsectors namely healthcare delivery services, life sciences, devices and medical technology and health IT.
The landscape of the healthcare sector is witnessing change with umpteen disruptive business models in the past few years. These opportunities are mainly evolved around technology backed services and products business model, Varma said.
The funds, amongst the few healthcare focussed VC fund in Asia, is a Sebi registered AIF Category I target size and is managed by a team comprising of veterans from the healthcare and investing world.