To date, the fund has investments in health-tech companies including Medikabazaar, THB, HealthifyMe and Impactguru
HealthQuad has announced the pre final close of its second fund with a total subscription of INR 1,134.5 Crores+ (~USD 150 million), helping it achieve over 2x of the target fund size of INR 550 Crores (USD 75 million). The Fund intends to proceed to a final close by March 2022.
The fund has received commitments from global financial and strategic institutions including some of the global pharma and health-tech companies, development financial institutions and large European conglomerates, which validates strong and positive belief in the Fund’s investment strategy.
Charles-Antoine Janssen, Co-founder and Chief Investment Officer of HealthQuad, said, “The recent COVID-19 pandemic has given an impetus to the digital transformation of healthcare. This was clearly demonstrated by the fact that more than 85 per cent of doctors used teleconsultation platforms during this period and more than 50 per cent of doctors found digital platforms to be an effective tool for patient interactions. The sector has already seen investments of more than USD 1.9 billion in 2021 with cumulative investments of more than USD 4 billion over the last 4 years. The Indian health-tech sector is expected to grow at a CAGR of more than 25 per cent to reach a market size of USD 21 billion over the next 5 years.”
To date, the fund has investments in health-tech companies including Medikabazaar, THB, HealthifyMe and Impactguru.
Dr Amit Varma, Co-founder, HealthQuad said, “If India has to fulfil its mission of ‘Healthcare for All’, it must focus on leveraging technology with a focus on preventive health. Improved health outcomes with easier access to quality healthcare infrastructure will require, 3 million additional doctors and 6 million nurses by 2030 requiring a capital investment of USD 245 billion. In a resource constrained country like India, universal healthcare access can only be achieved through the adoption of disruptive solutions. The healthcare industry needs to move beyond linear growth models and instead look at ways to disrupt the existing operating models. Disruptive technological solutions have the potential to not only vault over some of the challenges, but also helps reduce the requirement of doctors by one million and hospital beds by another million, thus saving more than USD 90 billion of capital investments.”
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