The capital will be deployed to scale AI-enabled healthcare delivery, focusing on chronic care management, oncology, mental health, and preventive care.
Healthcare-focused venture capital firm W Health Ventures has announced the initial close of its second founding round at INR 550 Crore, aimed at stepping closer to its targeted corpus of INR 630 Crore.
With a planned investment of INR 30 -50 crore, the venture firm aims to build around 8-10 AI-enabled startups over the next four years.
Last year, in July, the venture firm had set upa $70 million second fund to build and scale healthcare startups.
The new capital will be deployed to scale AI-enabled healthcare delivery, focusing on chronic care management, oncology, mental health, and preventive care.
The firm also aims to strengthen opportunities across India and the US health corridor.
Founded in 2019, W Health Ventures follows a company-creation and incubation model, working closely with founders to build and scale ventures from inception. It operates alongside venture studio 2070 Health to develop new healthcare companies across India and the USA.
Commenting on the new capital infusion, Dr Pankaj Jethwani, Managing Partner at W Health Ventures, said, “Our Fund I portfolio has already impacted 25 million lives globally, and we aim to scale this to a billion lives over the next two decades. With fund II, we plan to take larger and bolder bets on company creation.”
Reportedly, the firm has already begun deployment of capital from its fund II and has an investment in Everhope Oncology in partnership with Narayana Health, an integrated platform for oncology care.
W Health Ventures’ first fund supported several notable healthcare startups, including Nivaan, BeatO, BabyMD, Mylo, Wysa, and Reveal HealthTech.
Furthermore, the VC firmis also providing incubation support to a US-based mental health startup aimed at accessing advanced treatment for patients.
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