India's top healthcare VC HealthQuad closes 2nd fund at Rs. 1,215 cr
India's largest healthcare VC HealthQuad has closed its second fund at $162 million. Global pharma company MSD led the fundraising. HealthQuad, India's top healthcare venture capital fund, has announced the full close of its second fund, HealthQuad Fund-II, with a total subscription of $162 million (INR 1,215 crores), more than 2.2 times the fund's initial target size. MSD, the worldwide biopharmaceutical firm, led pledges from global financial investors, pharmaceutical and healthcare strategic institutions, development finance institutions (DFI), funds of funds, and significant European conglomerates. Ackermans & van Haaren (AvH), Teachers Insurance and Annuity Association of America (TIAA), Quilvest, HCL Corporation, DFIs such as CDC, Swedfund, and SIDBI, and India's top financial services provider are among the various investors. HealthQuad is an Indian healthcare venture capital firm that invests in transformative healthcare models that often...