W Health Ventures Closes Fund II at INR 700 Crore
VC aims to build 8-10 companies from pre-idea to category leaders over the next four years.
You're reading Entrepreneur India, an international franchise of Entrepreneur Media.
W Health Ventures (WHV) on Tuesday said it has closed its Fund II at INR 700 crore, oversubscribed against its initial target of INR 630 crore.
The healthcare-focused VC aims to build 8-10 companies from pre-idea to category leaders over the next four years.
Founded in 2020, W Health Ventures has offices in Mumbai, Bengaluru, Delhi, and Boston. It writes INR 30 crore to 50 crore cheques and builds 2-3 new companies a year. To date, W Health Ventures has backed companies like Elevate Now, Nivaan, Hoola Health (prev. BabyMD), and Everhope Oncology.
“India is at an inflection point in healthcare as the rising demand and constrained supply create a structural mismatch. That mismatch is where lasting businesses are built. What keeps most people away isn’t the opportunity, it’s how hard healthcare is to build in. We think that is precisely where the value is,” said Dr. Pankaj Jethwani, Managing Partner at W Health Ventures.
“We build companies to solve these seemingly impossible problems, the ones that actually need first-to-market solutions, because that’s where population-scale change lives,” said Jethwani. “We’re not importing a Silicon Valley playbook and hoping it works here. We go to the parts of the healthcare system where the structural mismatch is the highest, and we stay with that problem for a year, sometimes longer, chipping away at it before we build anything. Our approach is that of mining diamonds, not competing in a gold rush.”
W Health Ventures (WHV) on Tuesday said it has closed its Fund II at INR 700 crore, oversubscribed against its initial target of INR 630 crore.
The healthcare-focused VC aims to build 8-10 companies from pre-idea to category leaders over the next four years.
Founded in 2020, W Health Ventures has offices in Mumbai, Bengaluru, Delhi, and Boston. It writes INR 30 crore to 50 crore cheques and builds 2-3 new companies a year. To date, W Health Ventures has backed companies like Elevate Now, Nivaan, Hoola Health (prev. BabyMD), and Everhope Oncology.
“India is at an inflection point in healthcare as the rising demand and constrained supply create a structural mismatch. That mismatch is where lasting businesses are built. What keeps most people away isn’t the opportunity, it’s how hard healthcare is to build in. We think that is precisely where the value is,” said Dr. Pankaj Jethwani, Managing Partner at W Health Ventures.
“We build companies to solve these seemingly impossible problems, the ones that actually need first-to-market solutions, because that’s where population-scale change lives,” said Jethwani. “We’re not importing a Silicon Valley playbook and hoping it works here. We go to the parts of the healthcare system where the structural mismatch is the highest, and we stay with that problem for a year, sometimes longer, chipping away at it before we build anything. Our approach is that of mining diamonds, not competing in a gold rush.”
