Investing in Health | April 5, 2022

HealthQuad raises $162 million for health tech startups in India

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, April 5 — The Covid crisis spurred the digitalization of health services for India’s underserved rural population.

New Delhi-based HealthQuad, which aims to increase healthcare affordability and accessibility in India, raised its second fund to invest in digital health services.

More than $60 million has already been deployed for investments in companies such as online medical supplies platform Medikabazaar, healthcare financing platform ImpactGuru and HealthifyMe, a wellness app that provides nutrition and fitness advice.

The fund will invest in up to 15 companies with “potential to generate value as well as achieve deep social impact,” HealthQuad says.

Investors include TIAA, Ackermans & van Haaren, Quadria Capital and development financial institutions Swedfund and CDC Group, now British International Investment.