The firm, backed by Quadria Capital, an Asia-focussed private equity fund specialising in healthcare, plans a corpus of $200 million with an additional $100 million greenshoe option to fund healthcare enterprise innovation startups in India.
Founded in 2016 under the Quadria Group, HealthQuad has focussed on backing tech-enabled healthcare models at the early-growth stage.
The firm’s first two funds backed over 18 companies, including…