At a time when healthcare needs innovation as much as investment, Quadria Group is stepping up with a bold new initiative that speaks to both. The healthcare-focused private equity firm has announced the launch of HealthQuad Fund III, with a proposed raise of up to $300 million (including a $100 million greenshoe option).
But this isn’t just another fund announcement. This is a strategic move to reshape how healthcare is funded and scaled across India.
The third fund follows in the footsteps of HealthQuad I and II, which collectively backed 18+ pioneering ventures including names like Qure.ai, Medikabazaar, THB, Wysa, Redcliffe Labs, and GoApptiv—companies that are quietly transforming how Indians access, experience, and afford care.
With Fund III, the mission is clear:
– Back bold, tech-enabled healthcare ventures.
– Support founders who want to make care more accessible, affordable, and outcome-driven.
– Scale impact—not just valuations.
This fund also marks a new chapter of independence for HealthQuad, as Dr. Amit Varma, Abrar Mir, and Sunil Thakur take full ownership and control of the platform, following a separation from KOIS. A majority of the existing investment and committee team will continue managing portfolio companies, ensuring consistency in execution and values.
What makes HealthQuad different is its systems-thinking approach—investing across the healthcare value chain, from early-stage innovation to growth-scale businesses. Whether it’s diagnostics, digital therapeutics, or supply chain optimization, Quadria is positioning itself as India’s most integrated healthcare investment platform.
Backed by a strong network of global and domestic institutional investors, the launch of HealthQuad III follows the successful close of Quadria Capital Fund III at $1.07 billion earlier this year.
Since its inception in 2012, Quadria Capital has built a formidable presence, managing $4B+ across 27 investments in India, Southeast Asia, and beyond. And through it all, one thing has remained constant—its commitment to impact-driven healthcare that generates sustainable value.
In a country of 1.4 billion people, where every rupee of healthcare investment has the potential to save or change lives, HealthQuad Fund III might just be the catalyst the industry needs.
Because when capital meets care—with purpose—everyone wins.
