HealthQuad Marks First Close Fund III At ₹550 Cr (opens in new tab)

Quadria Group-backed VC firm HealthQuad has announced the first close of its ₹1,700 Cr (about $180 Mn) Fund III with commitments of ₹550 Cr (about $58.2 Mn). In a statement, the firm said that new institutional, family office limited partners (LPs) as well as existing LPs backed the fund. HealthQuad’s Fund III targets investments in 13-15 healthtech startups across AI-driven healthcare, digital therapeutics, ambulatory care, enterprise SaaS, and point-of-care devices. The fund’s allocation is...