Quadria Group Assumes Full HealthQuad Ownership, Launches $300M Fund III
Following its exit from KOIS, the fund targets early-stage tech-driven healthcare startups across South Asia, Southeast Asia, the GCC region
Overview
- Quadria Group ended its eight-year partnership with impact investor KOIS by taking full ownership of the HealthQuad platform
- HealthQuad Fund III aims to raise $200 million with a $100 million greenshoe option for a total potential corpus of $300 million
- The fund will invest in 13–15 healthcare startups, focusing on AI-based models, digital therapeutics, ambulatory care, enterprise SaaS and point-of-care devices
- Quadria’s leadership trio of Dr Amit Varma, Abrar Mir and Sunil Thakur will oversee the fund alongside the existing HealthQuad investment team
- The launch follows a 207% surge in Indian healthtech funding to $716 million in 2024 and seeks to fill capital gaps after recent startup closures due to funding shortfalls