Economic Times: HealthQuad to hike fund pool to Rs 900 crore

July 14, 2020
HealthQuad had raised Rs 75 crore in 2016 under its first fund and invested Rs 250 crore along with its investors in the seven Indian companies like Medika Bazar, Regency Hospital and others. Through the second fund, HealthQuad seeks to invest in disruptive, technology based and innovation driven businesses which transform healthcare in India, generate value and also create deep social impact.

This is an excerpt translated from the original article of The Economic Times.

Healthquad, a home grown healthcare venture fund is likely to approach Sebi to increase the green-shoe option of its second fund by Rs 200 crore. The company has announced the closure of its second fund with a commitment of Rs 514 crores, achieving 93% of the target fund size of Rs 550 crores.

“We will exercise the green-show option and are also planning to approach the Indian regulator for increasing it (green-shoe) to Rs 900 crore due to overwhelming response,” said Charles Antoine Janssen, c0-founder & CIO HealthQuad. We are looking at closing the fund by December end, much before the one-year window from first closure that will end in June 2021, he added.

HealthQuad had raised Rs 75 crore in 2016 under its first fund and invested Rs 250 crore along with its investors in the seven Indian companies like Medika Bazar, Regency Hospital and others. KOIS and Quadria Capital are the sponsor of the firm. KOIS is one of the global pioneers in impact investing and innovative finance and founders of Quadria Capital that is one of Asia’s leading healthcare focused private equity fund.

Follow KOIS on social media or subscribe for more updates! 

Subscribe to our newsletter

    You may also like…

    Launch of a Social Impact Bond to support Médecins du Monde jail diversion programme for homeless people in Marseille

    Launch of a Social Impact Bond to support Médecins du Monde jail diversion programme for homeless people in Marseille

    We are delighted to announce the launch of the AiLSi social impact bond. Operated by Médecins du Monde, this project aims to offer homeless people suffering from severe mental illness and facing justice an alternative to imprisonment through housing and intensive care.
    Structured by KOIS, this social impact bond is the largest in terms of amount ever launched in France. It is invested by the European Investment Fund (EIF), BNP Paribas, Groupe Caisse des Dépôts and INCO, with outcome funding from the French government.

    $14m Development Impact Bond for refugees launches in the Middle East

    $14m Development Impact Bond for refugees launches in the Middle East

    KOIS and its partners the IKEA Foundation, Novo Nordisk Foundation, Norad, the U.S. Development Finance Corporation (DFC) and Ferd are thrilled to announce the first tranche of a new Development Impact Bond (DIB) for refugees in Jordan and Lebanon. This will fund a micro-enterprise creation programme, delivered by the Near East Foundation UK, to help refugees and vulnerable host communities recover their livelihoods and build their resilience.

    Impact Expansion announces its first investment in Potential Project

    Impact Expansion announces its first investment in Potential Project

    Impact Expansion acquired a minority stake in Potential Project. Potential Project partners with large, purpose-driven organisations to help their leaders and employees uncover the power of mind and create more resilience, innovation, engagement at work, with lower stress levels and reduced burnouts.