The fund will back early-growth startups across healthtech, medtech, biopharma technology, and healthcare delivery, with its first investment already made in AI-powered remote patient monitoring platform Lifesigns.
HealthQuad, the venture capital firm, has completed the first close of its Fund III after raising commitments worth INR 550 Cr, crossing one-third of its planned INR 1,700 Cr corpus.
The fund will back early-growth startups across healthtech, medtech, biopharma technology, and healthcare delivery, with its first investment already made in AI-powered remote patient monitoring platform Lifesigns.
The latest fund builds on HealthQuad’s decade-long strategy of investing in healthcare innovation at the early-growth stage and has attracted backing from both existing and new investors.
Established in 2016 and headquartered in New Delhi, HelthQuad has focused exclusively on technology-driven healthcare businesses addressing challenges around access, affordability, and quality of care.
Its earlier two funds have supported more than 18 companies, including Qure.ai, Redcliffe Labs, CureSkin, Medikabazaar, THB, Wysa, Strand Life Sciences, GoApptiv, and ekincare, several of which have emerged as prominent players in India’s digital health ecosystem.
Backed by Quadria Group, HealthQuad announced that Fund III has received commitments from existing limited partners alongside new domestic and international funds of funds, institutional investors, and family offices.
HealthQuad Fund III is managed by HealthQuad Advisors, a wholly owned subsidiary of Quadria Group, through Amit Varma, Abrar Mir, and Sunil Thakur.
Following Quadria Group’s separation from KOIS in 2025, the firm retained the core investment team behind Funds I and II while expanding its leadership with Rahul Agarwal and Namit Chugh.
Beyond funding, HealthQuad intends to partner with founders developing technology-enabled healthcare solutions that improve patient outcomes and make care more accessible and affordable.
The firm said it will continue supporting startups that combine product innovation, digital technologies, and sustainable business models to address persistent gaps across the healthcare ecosystem.
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