W Health Ventures Raises $70 Million to Support Healthcare Startups in India

W Health Ventures Funded Millions to Develop Healthcare Innovation in India

Announcement

W Health Ventures has raised a $70 million fund for the second time to help healthcare startups build from scratch. This valuable initiative reflects the firm’s commitment to the next-generation of healthcare infrastructure in India and across. This is a huge support to the startups that are likely to contribute and introduce innovation into India’s healthcare sector. Apart from W Health’s funding, fireside ventures and nexus venture partners are in a queue to raise funds, representing a cautious optimism return to the private markets. The W Health’s funds are matching the increased interest between venture capitalists in developing new, focused and thesis thesis-fueled strategies.

W Health Venture’s investment thoughts are based on two primary themes, such as AI-powered business-to-business (B2B) services and single-specialty care models specially introduced for India. The firm's model is based on deep research. The ideas were created via interviews with patients and healthcare professionals.

Role of 2nd Funds

The newly formed 2nd funding will be sponsoring eight to ten startups for the next four years. The startups by then will be strengthened and fully developed if they work sincerely or dedicatedly towards healthcare. This approach hires W Health’s renowned ‘company creation’ model. A model prefers the primary discussion and validation of innovative ideas internally, then later introduces them to the external founders to proceed with them.

In complement to the traditional venture capital firms that generally expand investments across several companies, W Health tends to concentrate on sustainable investments. The firm further plans to provide $3 million and $5 million to each of the startup's early-stage, along with the provisions to keep following up on investments of a similar scale. There is a possibility for the total fund volume to touch around $100 million by its final closing.

Views and Statements

Managing partner at W Health Ventures, Dr. Pankaj Jethwani, while sharing deep insights on the funding strategy in his statement to Moneycontrol, said, “This second funding strengthened our company’s creation model. We have formed with lots of effort and trial and error over the last few years.”

Further, he added, “The journey of cancer patients is very hard if all the required access to their treatment is limited. Humans can’t stay up to date, for which AI plays a very important role in an individual's health.” He proudly said, “India is the world’s pharmacy. We believe that AI-powered healthcare services will be India’s precious gift to the globe after pharma.”