Mumbai / New Delhi: Quadria Group, Asia’s leading healthcare-dedicated private equity platform, today announced the launch of HealthQuad Fund III, with a target corpus of $200 million and a $100 million greenshoe option, taking the total potential fund size to $300 million.
With this launch, Quadria has assumed full ownership and operational control of the HealthQuad platform.
The newly launched HealthQuad Fund III will focus on investing in early-growth, tech-enabled healthcare companies across India and other South Asian markets.
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HealthQuad Fund III Designed to Back Scalable Business Models
The fund is designed to back scalable business models that are improving healthcare delivery, diagnostics, and chronic care access for underserved populations.
This marks a strategic transition for HealthQuad, which was incubated by Quadria in 2016 as a separate vehicle from its flagship funds. Funds I and II successfully backed over 18 high-impact startups, including Qure.ai, Medikabazaar, Wysa, Ekincare, Redcliffe Labs, and GoApptiv, many of which have become market leaders.
“With full control of HealthQuad Fund III and a strengthened leadership team, we’re now better positioned to drive innovation across India, South Asia, and the GCC,” said Dr Amit Varma, Co-founder and Investment Committee Member at HealthQuad. “India continues to be one of the most promising healthcare markets globally.”
Sunil Thakur, Co-founder, added, “We are combining Quadria’s deep healthcare expertise with global institutional investor support to build a truly integrated platform that delivers both financial and social value.”
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Quadria has retained its existing investment and advisory team from previous HealthQuad funds and plans to further expand with new clinical, operating, and investment professionals. The announcement follows Quadria’s recent close of Quadria Capital Fund III at $1.07 billion, backed by top-tier global institutions.
Abrar Mir, Co-founder, said, “HealthQuad isn’t just a fund – it’s our long-term commitment to transforming healthcare in Asia. Fund III represents the next chapter in building a scalable, impact-driven healthcare investment franchise.”
