- HealthQuad is the largest venture capital fund dedicated to healthcare in India
- The oversubscribed HealthQuad Fund-II will foster innovative healthcare models in India
- The fund has already invested in seven companies including Medikabazaar, THB, Impact Guru, Stanplus, Ekincare, Qure.ai and HealthifyMe
NEW DELHI, March 31, 2022 /PRNewswire/ — HealthQuad, india leading healthcare venture capital fund, announced the final closing of its second fund, HealthQuad Fund-II, with a total subscription of $162 million (INR 1,215 crores), more than 2.2 times larger than its target size at launch.
MSD, the global biopharmaceutical company, has led engagements for global financial investors, strategic pharmaceutical and healthcare institutions, development finance institutions (DFIs), funds of funds and major European conglomerates . The diverse investor base includes Ackermans & van Haaren (AvH), Teachers Insurance and Annuity Association of America (TIAA), Quilvest, HCL Corporation, DFIs such as CDC, Swedfund and SIDBI and india leader in banking services.
HealthQuad is an Indian healthcare venture capital fund that invests in disruptive healthcare models, typically using technology to achieve reach, scale as well as impact. It is backed by Quadria Capital, one of the leading health-focused private equity funds in Asia, and KOIS, a global pioneer in impact investing and innovative finance. Quadria and KOIS provide an ecosystem of industry knowledge, network, branding, business synergies and market access.
HealthQuad Fund-II invests in 10-15 private start-ups in high-growth segments of the healthcare industry in Indiaaimed at generating value as well as having a profound social impact.
Charles Antoine Janssenco-founder and chief investment officer of HealthQuad, said: “The closing of our second fund marks an important milestone for HealthQuad as we continue to invest in one of the most promising healthcare markets in the world. india the healthcare industry is showing a growth rate of around 20% and is likely to be a $372 billion industry by the end of this year. Innovative new-age models are fueling the rise of India’s health-tech market, which is growing at 25% annually and is poised to reach $21 billion by 2025. We are energized by the vision that our global investors (LPs) share with us of a thriving and evolving Indian healthcare ecosystem that meets the needs of people across all income segments while generating attractive financial returns. We have been investing in the healthcare market for India since 2016 and we are grateful for the meaningful partnerships we are building with world-class and innovative entrepreneurs emerging from india a growing pool of over 8,000 health technology companies. »
MSD’s investment builds on the company’s long-standing presence in Indiawhere she reaches millions of people with her health products.
Carmen VillarVP Social Business Innovation at MSDsaid, “At MSD, we are committed to advancing global health equity through our impact investing portfolio. Our investment in HealthQuad will contribute to a strong and sustainable healthcare ecosystem through innovative solutions in financial inclusion, patient engagement and supply chain, by India and all over the world.”
To date, more $60 million HealthQuad Fund-II has already been deployed in some of the most dynamic, high-growth and disruptive companies in each of the sub-segments of the health technology ecosystem. These investments include Medikabazaar, india the largest digital platform for medical supplies and consumables, THB, the leading clinical data aggregation and intelligence platform, Stanplus, the leading technology-based emergency response systems company, Ekincare , the leading tech-driven enterprise wellness platform, Impactguru, india leading integrated healthcare financing platform, Qure.ai, the leading radiology-focused AI company and HealthifyMe, india leader in digital wellbeing.
By 2030, india the economy and its population are expected to become the world’s third largest and highest respectively. india The growing burden of chronic diseases (more than 100 million diabetes patients by 2030) has led to a sharp increase in the demand for innovative healthcare. This is fueled in part by very low national health spending (at around 1.3% of GDP, India lags behind most comparable economies), as well as a lack of access and affordability. HealthQuad believes that india a large pool of talented doctors, coders and entrepreneurs positions the country as a rich ecosystem of technological and affordable health services for the underserved needs of more than 500 million Indians as well as the 3 billion people in India other low- and middle-income countries.
About Quadria Capital
Quadria Capital is one of the from Asia leading healthcare private equity group investing in the high growth healthcare sectors of some of the world’s fastest growing economies in South Asia and South East Asia. To date, Quadria Capital has invested in more than 27 companies South Asia and South East Asia and more $2.9 billion AT M.
Quadria Capital’s key differentiator is its ability to leverage the deep healthcare operations experience and domain expertise of its team to drive tangible value creation in portfolio companies and help emerge as regional industry leaders. Quadria Capital seeks to have a significant and positive impact by increasing access to affordable, high-quality healthcare for from Asia underserved populations.
KOIS specializes in impact finance and aims to transform projects with high social and environmental impact into concrete investment proposals for the public and private sectors. Through its fund management and innovative financial advisory activities, KOIS deploys capital in projects with strong social or environmental utility, while offering attractive returns to investors. In Europe, KOIS created the recently listed Belgian social real estate fund, Inclusio; as well as Impact Expansion, a European growth capital fund focused on healthcare, education, skills and sustainability. In India, KOIS has co-founded two investment funds (HealthQuad and Tara IV). Total KOIS AUM: $430 million. KOIS is also a leader in structuring innovative financial mechanisms, including social impact bonds and development impact bonds. He notably structured the first Humanitarian Impact Bond, Refugee Impact Bond and Labor Dignity Bond in the world.