HealthQuad raises $162 million, led by global Pharmacy giant MSD


HealthQuad has revealed the final close of its second funding round, HealthQuad Fund-II, with a total valuation of $162 million (Rs 1,215 crore). The funding is more than 2.2 times greater than its target size at launch.

MSD is a global biopharmaceutical company that led commitments from global financial investors like:

  • Strategic institutions in pharmacy and healthcare,
  • Development financial institutions (DFI),
  • Funds of funds, and
  • Large European conglomerates.

HealthQuad Fund-II is keeping its money in 10-15 young private companies across high-growth segments of the healthcare sector in India, targeting to generate value as well as achieve deep social impact.

As per the news, new-age innovative models are supporting the rise of the Indian health-tech market, which is expectedly to grow at 25 % annually and is supposed to reach $21 billion by 2025.

HealthQuad is an Indian healthcare VC fund that invests in distinguished healthcare models, typically using technology to attain reach, scaling as well as impacts. It is backed by Quadria Capital, a leading healthcare-focused private equity fund in Asia, and KOIS.

To date, over $60 million of HealthQuad Fund-II has already been deployed in some of the most non-static, high growth, and disruptive companies in sub-segments of the health-tech ecosystem.


Charles-Antoine Janssen, Co-founder and Chief Investment Officer of HealthQuad, said, “The close of our second fund marks a significant step for HealthQuad as we continue to invest in one of the world’s most promising healthcare markets.”

"India’s healthcare industry is compounding at approximately 20 per cent growth rate and is likely to be a $372 billion industry by the end of this year."

Carmen Villar, VP of Social Business Innovation at MSD, said: “At MSD, we are committed to advancing health equity globally through our impact investing portfolio. Our investment in HealthQuad will contribute to a robust and sustainable healthcare ecosystem through innovative solutions in financial inclusion, patient engagement, and supply chain, in India and around the world.”


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