India-focused HealthQuad on road to raise $300m fund

Sources say company has been talking to investors in India and abroad

20231127 DSA

Technology-driven health care models are generating investor interest in India as a shortage of medical professionals continues to haunt the sector. © Getty Images

KAVITHA NAIR and PARAMITA CHATTERJEE, DealStreetAsia

SINGAPORE/NEW DELHI -- HealthQuad, a health care-focused venture capital fund investing in early-stage startups in India, is on the road to raise its third fund, with a targeted corpus of $300 million.

According to multiple sources privy to the development, talks have been initiated with limited partners (LPs) both in India and abroad.

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