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New fund · Healthcare & Life Sciences

W Health Ventures closes fund ii at rs 550 crore first close

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Date
Company
W Health Ventures
What it does
Early-stage healthcare VC
Kind
New fund
Amount
Rs 550 crore
Based in
Boston
Sector
Healthcare & Life Sciences

What they do

W Health Ventures is an early-stage healthcare-focused venture capital firm with a company creation model

What happened

It announced the first close of Fund II at Rs 550 crore, targeting Rs 630 crore, to build 8-10 startups over four years

Why it matters

Fund I portfolio includes BeatO, Wysa, and Mylo; Fund II's first startup is Everhope Oncology with Narayana Health

The details

  • W Health Ventures announced the first close of its Fund II at Rs 550 crore.
  • The fund's target is Rs 630 crore.
  • The fund will build and scale 8 to 10 new startups over 4 years.
  • It plans to invest Rs 30-50 crore per incubation.
  • The first startup from Fund II is Everhope Oncology, a national oncology platform in partnership with Narayana Health.
  • Another stealth incubation is helping US psychiatry clinics launch advanced treatments for treatment-resistant depression.
  • The fund is also exploring longevity, modern preventive health, geriatrics, and chronic pain management.

The bigger picture

  • W Health Ventures' Fund I portfolio includes BeatO (diabetes), Wysa (AI mental health), and Mylo (parenting).
  • Its portfolio companies have impacted over 25 million individuals globally.
  • The firm uses a company creation model in India and the US-India corridor.

About the business

  • W Health Ventures is an early-stage healthcare-focused venture capital firm.
  • It uses a company creation model to build startups in India and the US-India corridor.
  • It has offices in Boston, Delhi, Mumbai, and Bangalore.
  • It has deployed $65M+ across 14 portfolio companies.
  • All portfolio companies have raised downstream capital.
  • Its portfolio companies have reached 25M+ patients.

What happens next

  • Build and scale 8 to 10 new startups over 4 years.
  • Invest Rs 30-50 crore per incubation.
  • Explore longevity, modern preventive health, geriatrics, and chronic pain management.

The deal

Type
fund

Founders

  • Dr. Pankaj Jethwani, Managing Partner
  • Gaurav Porwal, Partner

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