Quadria Capital founders launch Rs 65 cr HealthQuad to invest in healthcare startups

Sponsors of healthcare private equity firm Quadria Capital, Amit Varma and Abrar Mir launched Rs 65 crores ($10 million) healthcare focused venture capital fund HealthQuad. The fund is focused on investing in early stage healthcare companies in India, through a pre-series A or Series A round of funding.

In the next 12 to 18 months, HealthQuad will be investing in 8-10 healthtech startups across 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 has been registered with SEBI as a Category I Alternative Investment Fund. The fund’s investment strategy will be focused on investing in key healthcare subsectors namely healthcare delivery services, life sciences, devices and medical technology and healthcare technology. Currently, HealthQuad has 8-10 investors.

Amit 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. He also emphasized that majority of the funds have been pooled by friends and family.

Quadria Capital has managed over $ 1.4 billion that invests in healthcare sector in South and Southeast Asia. The fund is managed by Quadria Capital Investment Management Pte. Ltd, headquartered in Singapore and regulated by the Monetary Authority of Singapore.

The year 2016 seems to be the year of celebration for the Indian startup community. Impact investor Michael and Susan Dell Foundation has raised an additional amount of $50 million to invest in the early-stage ventures. Venture Capital firm Matrix Partners India has raised $110 million to invest in Fintech, E-commerce, B2B, Logistics and SaaS startups.

Even a group of 16 new Chinese investors made their foray in India to fund 150 startups that are into consumer, data analytics, e-commerce and technology services. A new early- stage venture fund, Ideaspring Capital worth Rs 125 crore was recently launched in Bengaluru to back product startups.

With the gaming industry expected to grow at a CAGR of 134.5 per cent this year, startups in this space caught the eye of China’s e-commerce giant Alibaba. UC Web backed by Alibaba launched $20 million fund for Indian gaming startups this year. While Japanese venture capital firm GREE Ventures expressed interest towards investing in Indian startups from its second fund.