Team siliconindia

• Quadria launches HealthQuad Fund III with a target of $200M and a $100M greenshoe, aiming to build India’s most integrated healthcare investment platform.
• The fund will focus on tech-enabled healthcare models across diagnostics, chronic care, and digital health, from early to late-stage investments.
• Led by Quadria’s founding team, the fund will leverage its pan-Asian network to scale portfolio companies across South Asia, Southeast Asia, and the GCC.

Quadria Group, Asia’s leading healthcare-focused private equity firm, has announced the launch of HealthQuad Fund III, with a target corpus of $200 million and a $100 million greenshoe option, aiming to build India’s most integrated healthcare investment platform. This move marks a significant strategic evolution of Quadria’s venture capital arm, following the success of HealthQuad Funds I and II, which collectively backed more than 18 transformative healthcare startups.

The fund launch comes shortly after the firm’s oversubscribed close of Quadria Capital Fund III at $1.07 billion, reinforcing strong investor confidence in Quadria’s long-term healthcare investment thesis. HealthQuad Fund III will focus on early to late-stage investments across India’s healthcare ecosystem, prioritizing tech-driven solutions in diagnostics, chronic disease management, and digital health.

“With full ownership and expanded leadership, we are better positioned than ever to deliver cross-regional value”, said Dr. Amit Varma, Co-founder and Investment Committee member. Leadership of HealthQuad will remain with Quadria’s founding team Dr. Varma, Abrar Mir, and Sunil Thakur who have assumed full control of the platform following its separation from KOIS.

The fund plans to retain most of its current investment team while onboarding experienced clinical and operational talent. It will also draw on Quadria’s pan-Asian network and institutional investor base to scale its portfolio companies across South Asia, Southeast Asia, and the GCC.

“HealthQuad is not just a fund it’s Quadria’s conviction in motion”, said Abrar Mir, Co-founder and Managing Partner. “We’ve built a distinctive platform that supports diverse healthcare models and accelerates their growth through our integrated ecosystem”.

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Founded in 2012, Quadria Capital currently manages more than $4 billion in assets across 27 investments spanning India, Vietnam, Indonesia, Malaysia, and Singapore. HealthQuad, launched in 2016, has grown into one of India’s largest healthcare innovation-focused venture funds, with an AUM exceeding $300 million.

With the launch of HealthQuad Fund III, Quadria strengthens its position as a key catalyst in advancing scalable, tech-enabled healthcare solutions that address pressing health challenges across the region.