VC company HealthKois plans $400 million fund for healthcare play
HealthKois
, a Delhi-based growth stage
venture capital
fund, plans to roll out a $400-million fund to invest in India's healthcare sector. The fund intends to target companies in
AI-led healthtech
, medtech, biopharma,
healthcare delivery
and
climate health
, its managing partner Charles Janssen told ET in an exclusive interaction.
"We have started raising this fund from LPs (limited partners). Our LPs are split between Asia, Europe, and the US," Janssen said.
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 of each of the investments likely in the range of $7 million to $25 million. "We are looking at a $300 million fund with a green shoe option of another $100 million," said Ajay Mahipal, partner at HealthKois. "We are looking at 13-16 portfolio companies in the HealthKois fund," he said.
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HealthKois is a successor fund to HealthQuad I and II, which are invested in Qure.AI, GoApptiv, and Cureskin, among others. It plans to deploy 50% of its investment towards healthtech, and about 10-15% each across biopharma, medtech, healthcare delivery and climate health. "The idea is to back early growth, Indian healthcare companies that use tech or innovative business models to address critical challenges in the healthcare system and solve for affordability, accessibility, and quality of care," Mahipal said.
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