A new fund called Inviga Healthcare Fund (IHF) is in the news lately. It is a private equity fund and was lately launched in Bangalore by BS Ajaikumar, who is the founder and executive chairman of HealthCare Global Enterprises Ltd (HCG). The fund is co-founded by Ajay Garg of Equirus Capital and it mainly focuses on healthcare investments in India.
The new private equity fund aims to support entrepreneurs. It focuses in bringing positive changes to the healthcare sector in the country. The first investment was made of $2 million to biotech startup Mynvax.
Ajaikumar expressed his motivation for starting the new fund. He revealed his experience with the pros and cons of the healthcare system in the country. His primary aim is to provide high-quality healthcare to all and support healthcare entrepreneurs as well.
It is learned that the IHF has plans to invest in companies in the healthcare, pharmaceutical and life sciences sectors. It will look for leveraging its industry expertise and global network.
The fund’s approach emphasizes supporting Indian healthcare entrepreneurs, promoting clinical excellence, ensuring quality outcomes, strengthening social impact and building sustainable businesses as well. IHF combines entrepreneurial, clinical, investment, banking and management capabilities to drive growth and innovation in the healthcare industry.
The fund seeks to address the healthcare challenges in the country and by supporting startups like Mynvax. It is mainly to invest in companies which are working in the respiratory viral diseases segment. The investment will demonstrate IHF’s commitment to supporting groundbreaking research and simultaneously highlights the potential for Indian biotech companies.
With the launch of Inviga Healthcare Fund, Ajaikumar and Garg aim to create a supportive ecosystem for healthcare innovation to ultimately improve access to quality healthcare for all segments of society.
