Latest news with #SunilThakur
Entrepreneur
18-06-2025
- Business
- Entrepreneur
Quadria Group Launches USD 300 Mn HealthQuad Fund III to Boost Healthcare Innovation
The fund includes a target corpus of USD 200 million and a USD 100 million greenshoe option, aiming to further expand its footprint in the healthcare innovation space across India and Asia. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Quadria Group, a leading healthcare-focused private equity platform, has announced the launch of HealthQuad Fund III, with a proposed fundraise of up to USD 300 million. The fund includes a target corpus of USD 200 million and a USD 100 million greenshoe option, aiming to further expand its footprint in the healthcare innovation space across India and Asia. HealthQuad Fund III follows the success of its predecessor funds, which collectively backed over 18 disruptive, tech-enabled healthcare ventures. These include names like Medikabazaar, THB, Wysa, and Redcliffe Labs, many of which have emerged as category leaders. "With Fund III, we aim to thoughtfully combine Quadria's healthcare expertise, global capital network, and institutional partnerships to build a more integrated healthcare investment platform for India," said Sunil Thakur, Co-founder and Investment Committee Member at HealthQuad. "The encouraging outcomes from Funds I and II give us the confidence to further our mission of creating both financial and social value." HealthQuad was incubated in 2016 as a distinct initiative by Quadria Group to support early-growth healthcare startups with a strong technology focus. Now, with full ownership of Fund III and its separation from former partner KOIS, Quadria is poised to build India's most influential healthcare investment franchise. "India presents one of the world's most compelling healthcare investment opportunities—driven by growing demand, digital acceleration, and underserved segments across primary, diagnostic, and chronic care," said Dr Amit Varma, Co-founder and Investment Committee Member, HealthQuad. "With expanded leadership, we are better positioned than ever to deliver cross-regional value across South Asia, Southeast Asia, and the GCC." Quadria has retained most of its core investment team and plans to strengthen it further with seasoned investing, operating, and clinical professionals. The firm recently closed Quadria Capital Fund III at USD 1.07 billion, highlighting robust investor confidence. "HealthQuad is not just a fund—it's Quadria's conviction in motion," said Abrar Mir, Co-founder and Investment Committee Member. "We've built a unique platform supporting diverse healthcare models, accelerating their growth with our powerful ecosystem." Founded in 2012, Quadria Capital now manages over USD 4 billion in assets across 27 investments in India, Vietnam, Indonesia, Malaysia, and Singapore, with a mission to improve healthcare access, quality, and affordability at scale.
Economic Times
17-06-2025
- Business
- Economic Times
HealthQuad targets raising $300 million third fund to back healthcare tech startups
ETtech (L-R) Sunil Thakur, Abrar Mir and Amit Varma, cofounders, HealthQuad Healthcare venture capital firm HealthQuad is raising $300 million (Rs 2,527.5 crore) for its third India-focussed fund. The firm, backed by Quadria Capital, an Asia-focussed private equity fund specialising in healthcare, plans a corpus of $200 million with an additional $100 million greenshoe option to fund healthcare enterprise innovation startups in India. Founded in 2016 under the Quadria Group, HealthQuad has focussed on backing tech-enabled healthcare models at the early-growth firm's first two funds backed over 18 companies, including Medikabazaar, THB, Wysa, Ekincare, Redcliffe Labs, GoApptiv, and Strand Life Sciences. This announcement comes in the wake of a split between HealthQuad's leadership team and Kois, the Belgian firm that co-founded HealthQuad alongside Quadria Capital. Following the departure of a general partner, the individual has launched a new healthcare venture capital fund of similar size, named HealthKois. 'We continue to own funds I and II fully under Quadria,' Sunil Thakur, cofounder and investment committee member at HealthQuad, told ET. The new fund will focus on companies solving operational challenges for hospital chains. "We are looking to fund 13-15 companies in this fund," said fund will tap into Quadria Group's extensive Asia network and institutional relationships to drive growth in portfolio company Quadria Capital recently raised $1.07 billion for its third fund, demonstrating strong investor appetite for the group's strategy.
Time of India
17-06-2025
- Business
- Time of India
HealthQuad raises $300 million for third India-focussed healthcare fund
Healthcare venture capital firm HealthQuad is raising $300 million (Rs 2,527.5 crore) for its third India-focussed fund. The firm, backed by Quadria Capital , an Asia-focussed private equity fund specialising in healthcare, plans a corpus of $200 million with an additional $100 million greenshoe option to fund healthcare enterprise innovation startups in India. Founded in 2016 under the Quadria Group, HealthQuad has focussed on backing tech-enabled healthcare models at the early-growth stage. The firm's first two funds backed over 18 companies, including Medikabazaar, THB, Wysa, Ekincare, Redcliffe Labs, GoApptiv, and Strand Life Sciences. This announcement comes in the wake of a split between HealthQuad's leadership team and Kois, the Belgian firm that co-founded HealthQuad alongside Quadria Capital. Following the departure of a general partner, the individual has launched a new healthcare venture capital fund of similar size, named HealthKois . 'We continue to own funds I and II fully under Quadria,' Sunil Thakur, cofounder and investment committee member at HealthQuad, told ET. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories The new fund will focus on companies solving operational challenges for hospital chains. "We are looking to fund 13-15 companies in this fund," said Thakur. The fund will tap into Quadria Group's extensive Asia network and institutional relationships to drive growth in portfolio companies. Parent company Quadria Capital recently raised $1.07 billion for its third fund, demonstrating strong investor appetite for the group's strategy.
Mint
30-05-2025
- Business
- Mint
HealthQuad to raise $300 million third fund amidst reorganization
HealthQuad, the early to growth stage healthcare-focused investor backed by private equity firm Quadria Capital, is looking to raise its third fund of around $300 million. This new fund comes at a time when there is a split in the general partners (GPs) that manage HealthQuad, people with knowledge of the development said. Also Read | Quadria Capital-backed Maxivision on expansion spree, eyes IPO by 2027 'The firm has refiled its papers with the markets regulator to raise the third fund. The refile shows only Sunil Thakur, Amit Varma and Abrar Mir, the founders of Quadria as the GPs of the firm," one of the persons cited above said. In 2015, when HealthQuad was set up to invest in early-stage healthcare opportunities in India, the three partners had roped in Charles-Antoine Janssen as the fourth founder and appointed him as chief investment officer. 'Now these three founders have taken back control. Janssen is parting ways to start his own fund—HealthKois," the person said. Two top executives at HealthQuad—Pinak Shrikhande and Ajay Mahipal—are also leaving with Janssen. Also Read | Quadria to invest half its India capital in climate-related healthcare solutions HealthQuad and Janssen spokespersons did not respond to emailed queries seeking comments. Mahipal, too, did not respond to messages on LinkedIn. Shrikhande could not be reached for comment. As per Janssen's LinkedIn profile, apart from being associated with HealthQuad, he cofounded KOIS s.a. with François de Borchgrave, a global impact investing firm (blended finance structuring and investment management) active in healthcare, education/skilling and living environments. He is a member of the investment committee of two other KOIS funds: Tara IV (India VC/PE healthcare and social entrepreneurship focus) and Impact Expansion (EU/PE Impact focus). Janssen is based in Belgium. 'The commercials of the first two funds will continue to remain the same. From the third fund onwards, the firm will have only three partners," the second person added. Janssen is likely to launch his firm, which will source deals in the early to growth stage in India. Though the exact strategy is not clear at this point in time. HealthQuad raised its first fund of ₹75 crore in 2016. It has yet to exhaust its second fund, which has a corpus of $162 million. Some of its portfolio companies include the Asian Institute of Nephrology and Urology (AINU), HealthifyMe, Medikabazaar, THB, Impact Guru, Ekincare and Stanplus. The reorganization at HealthQuad comes as the parent company, Quadria Capital, announced the closing of its third fund with $1.07 billion in total commitments. The oversubscribed fundraise comprises over $954 million in primary commitments and $114 million in committed co-investment capital. An additional $300 million co-investment capacity is anticipated over the course of the investment phase, bringing total committed capital to approximately $1.3 billion upon full deployment, Mint reported earlier this week.
Time of India
15-05-2025
- Time of India
Buses go off roads after cop thrashes conductor
Kolkata: In an instance of alleged police excess , a traffic sergeant was accused of assaulting a bus conductor. Videos of the incident were released on multiple social media platforms. The Joint Council of Bus Syndicate, along with bus owners and workers of the Tangra-Howrah minibus route — one of whose conductors was allegedly assaulted — held a protest meeting on Wednesday, demanding quick action. Sealdah Traffic Guard OC Rajat Kishan attended the meeting and accepted such skirmishes should be avoided. The bus unions, though, said they are seeking a meeting with the DCP in this several minibuses on the route stopped services in protest since Tuesday, partial normalcy returned to the route on Wednesday, with 22 of the 40 buses plying. The Sealdah Traffic Guard, whose officer was allegedly involved, said an investigation was initiated. "While it is clear that there was a confrontation between the sergeant and the conductor, the allegations of assault are still not clear from the footage we have analysed so far," said an incident was reported around 10.20 am on Tuesday when the minibus was headed to Howrah from Tangra. Opposite the Sealdah departmental store, the bus slowed down to pick up passengers. The police claimed this blocked traffic coming out of Sealdah station complex, as well as those coming from Beliaghata. This reportedly infuriated the sergeant on duty, who summoned the conductor. Though the video released is inconclusive, the conductor is seen nursing a swollen knee at the end of the encounter."The conductor, Sunil Thakur, has been attached to this route for the past 16 years. He was merely doing his job. If indeed traffic laws were broken, the sergeant could have detained the bus and prosecuted the driver. What was the need to assault our conductor? When we took the conductor to the doctor, the sergeant, Sovanlal Mukherjee, refused to apologise and said he was within his limits to do whatever he did," claimed Sandip Sengupta, the Tangra minibus route incident led to a wave of protest with bus enthusiast groups, besides the bus union groups, sharing the footage. "We have held talks and decided to lodge a complaint with both Entally police station and the Sealdah traffic guard. We want a time-bound action," said Tapan Banerjee of the Joint Council of Bus month, Lalbazar had "closed" a cop from Bansdroni Police for allegedly slapping an app-bike driver who showed his bike documents on Digilocker instead of the hard copies. The Kolkata Police headquarters also launched another investigation aimed at ascertaining the role of two constables, now posted at Patuli Police Station, for allegedly misbehaving with a social media content creator who challenged one of the cops for not wearing a helmet.
