Fund News

VC fund HealthKois to raise $400-M for health-tech play

HealthKois, a Delhi-based growth stage venture capital fund, plans to roll out a USD 400-million fund to invest in India’s healthcare sector.The firm is looking at a USD 300 million fund with a green shoe option of another USD 100 million. It would aim at 13-16 portfolio companies. The firm plans to deploy 50% of its investment towards healthtech, and about 10-15% each across biopharma, medtech, healthcare delivery and climate health.The firm has started raising the fund from LPs (limited partners) who are split between Asia, Europe, and the USA. HealthKois is aiming at a first close at the end of this year or early 2026. The investments will be deployed over the next four years, with ticket size likely in the range of USD 7-25 million.HealthKois is a successor fund to HealthQuad I and II, which are invested in Qure.AI, GoApptiv, and Cureskin, among others.

Want to receive such news items in your inbox? Click Here to sign up for a trial.

2021 © TSJ Media Pvt Ltd. All rights reserved.