Founders of Quadria Capital Fund L.P., an independent healthcare-focused private equity fund that invests in the high growth healthcare sector, have launched $10 million (Rs 65 Crore) healthcare-focused venture capital fund HealthQuad.
Launched by Amit Varma and Abrar Mir, the fund will invest in early stage healthcare companies in India, through Pre Series A or Series A round of funding.
HealthQuad plans to invest in 8-10 HealthTech startups, in the next 12 to 18 months. The fund will focus on healthcare delivery services and products that are expected to increase healthcare productivity, affordability, accessibility while improving patient health and fostering innovation.
Founded in January 2016, HealthQuad Advisors Private Limited is registered with SEBI as a Category I Alternative Investment Fund.
It is managed by Quadria Capital Investment Management Pvt Ltd, headquartered out of Singapore, and regulated by the Monetary Authority of Singapore.
HealthQuad will focus on investing in key healthcare sub-sectors, healthcare delivery services, life sciences, devices & medical technology, and healthcare technology. Currently, it has over eight investors.
Founder Amit Varma said that the fund has raised $6 million to close its first round of funding and will complete the fund in the next three months.
