HealthQuad targets raising $300 million third fund to back healthcare tech startups

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Here’s a summary of the relevant details from the article you provided about HealthQuad:

Fund Details

  • Fund Name: HealthQuad Fund III
  • Fundraise Amount: $300 million (Rs 2,527.5 crore)
  • Target Corpus: $200 million (with an additional $100 million greenshoe option)
  • Focus: Healthcare enterprise innovation startups in India

Key Investors

  • Main Backer: Quadria Capital (Asia-focused private equity fund specializing in healthcare)

Founders and Leadership

  • Founders: HealthQuad was co-founded by Quadria Capital and the Belgian firm Kois. However, there was a leadership split leading to the emergence of a new fund named HealthKois.

Notable Startups Backed

  • Previous Investments:
    • Qure.ai
    • Medikabazaar
    • THB
    • Wysa
    • Ekincare
    • Redcliffe Labs
    • GoApptiv
    • Strand Life Sciences

Fundraise Series

  • Current Series: Fund III
  • Current Fundraising Round: Raising a total of $300 million

Date of Announcement

  • The announcement does not specify an exact date, but it mentions recent developments concerning the fund and its leadership.

Additional Information

  • Co-founder & Investment Committee Member: Sunil Thakur
  • Goal: To fund 13-15 companies that solve operational challenges for hospital chains.
  • Parent Company Updates: Quadria Capital has raised $1.07 billion for its third fund, reflecting strong investor demand.

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2025-06-17 16:00:00