HCG founder Ajaikumar floats $20-M healthcare and life sciences fund

Oncologist-turned-entrepreneur BS Ajaikumar, founder and executive chairman of specialty cancer care chain HealthCare Global Enterprises (HCG), has launched a healthcare and life sciences fund with an initial corpus of USD 20 million (around INR 166 crore). While Ajaikumar contributed 90% of the corpus for the Inviga Healthcare Fund, the remaining 10% is from Equirus Capital founder and managing director Ajay Garg.The fund will invest up to INR 40 crore in equity to early-stage and growth-stage companies of Indian clinicians, scientists and entrepreneurs.