Healthquad raises $162-M in final close of second fund

HealthQuad, an India-focused healthcare venture capital firm, has raised USD 162 million (INR 1, 215 crore) towards the final close of its second fund. The firm has got global pharma firm MSD (Merck & Co) as its anchor investor for the new fund. HealthQuad has raised more than double the initial target of the fund.