New fund · Healthcare & Life Sciences

W Health Ventures closes Fund II at ₹700 crore to build healthcare companies

By Startup Enthusiast · 8 September 2026

Date: 8 September 2026
Company: W Health Ventures
What it does: healthcare company creation fund
Kind: New fund
Amount: Rs 700 crore
Stage: growth
Based in: Mumbai
Founded: 2020
Sector: Healthcare & Life Sciences

What they do

W Health Ventures is a healthcare company creation fund that builds businesses from pre-idea to category leadership in India and the US-India corridor

What happened

The firm closed its second fund at ₹700 crore, exceeding its initial target of ₹630 crore, and plans to build 8–10 healthcare companies over the next four years

Why it matters

W Health Ventures has deployed $65 million across 14 portfolio companies, reaching over 25 million patients, and has launched two new companies: Everhope…

The details

W Health Ventures has closed its second fund at ₹700 crore, exceeding its initial target of ₹630 crore.
Fund II will be used to build 8–10 healthcare companies over the next four years, taking them from the pre-idea stage to category leaders.
W Health Ventures follows a company-creation model, where its in-house team of physicians, operators, and technologists identifies gaps in healthcare delivery.
The firm spends 12–18 months evaluating and de-risking opportunities before bringing in a founding team.
Fund II plans to invest ₹30–50 crore in each company and build 2–3 companies every year across India and the US-India corridor.
Everhope Oncology and Everbright Health are the first two companies launched under Fund II.
Everhope Oncology was built in partnership with Narayana Health and focuses on coordinated, patient-centric cancer care.
Everbright Health is being developed in the US and focuses on treatments for treatment-resistant depression.
W Health Ventures has deployed $65 million across 14 portfolio companies, reaching over 25 million patients.
The firm has built companies including Elevate Now, Nivaan Care, Hoola Health, and Everhope Oncology.

The bigger picture

W Health Ventures focuses on building healthcare companies in areas with significant gaps in healthcare delivery.
The firm believes that the rising demand and constrained supply in healthcare create opportunities for new companies.
W Health Ventures is part of a broader shift among venture investors towards company creation, where firms identify problems and assemble founding teams.
The firm operates from Boston, Delhi, Mumbai, and Bengaluru.
W Health Ventures has raised ₹700 crore for Fund II, with family offices and institutional investors from India and the US as limited partners.

About the business

W Health Ventures is a healthcare company creation fund that builds businesses from pre-idea to category leadership.
The firm operates in India and the US-India corridor, focusing on healthcare delivery gaps.
W Health Ventures has deployed $65 million across 14 portfolio companies, reaching over 25 million patients.
The firm has built companies including Elevate Now, Nivaan Care, Hoola Health, and Everhope Oncology.
W Health Ventures has launched two new companies under Fund II: Everhope Oncology and Everbright Health.

What happens next

W Health Ventures plans to build 8–10 healthcare companies over the next four years.
The firm will focus on solving large, underserved healthcare problems where first-mover solutions can create impact at population scale.
W Health Ventures will invest ₹30–50 crore in each company and build 2–3 companies every year.

The deal

Type: fund

Investors

Family Offices (limited partners) — Family offices from India and the US are limited partners in Fund II.
Institutional Investors (limited partners) — Institutional investors from India and the US are limited partners in Fund II.

Founders

Pankaj Jethwani, managing partner
Sunil Wadhwani, founder

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