Early-stage healthcare-focused enterprise capital agency W Health Ventures has introduced the preliminary shut of Fund II at Rs 550 crore, aiming towards a goal of Rs 630 crore.

The agency stated it’ll proceed to double down on its firm creation mannequin by constructing and scaling healthcare firms from scratch in India and throughout the US-India hall.

“We work with founders, clinicians, operators, and strategic companions to co-found firms from inception. We establish underserved medical and operational whitespaces, assemble founding groups, and assist execution via shared playbooks, partnerships, and an skilled platform crew. Our portfolio firms influence over 25 million people globally, and we purpose to scale this to a billion lives over the subsequent 20 years,” stated Dr. Pankaj Jethwani, Managing Companion at W Well being Ventures.

W Well being Ventures’ Fund I portfolio firms embody Nivaan (continual ache), BeatO (diabetes), ElevateNow (weight problems), BabyMD (paediatrics), and Mylo (parenting) in India, together with cross-border firms like Wysa (AI psychological well being companies) and Reveal HealthTech (AI transformation companies).

Notably, all Fund I firms have raised exterior progress capital. With Fund II, W Well being Ventures expects to take bigger, bolder bets on firm creation.

The agency plans to construct and scale 8 to 10 new startups over the subsequent 4 years, investing Rs 30 to 50 crore in every incubation. W Well being Ventures has begun deploying capital from its second fund.

Everhope Oncology, the primary startup from Fund II, is a nationwide oncology platform based with Narayana Well being to reimagine most cancers care in India. The startup is integrating world advances in oncology into coordinated, patient-centered care from analysis via restoration. A stealth incubation helps psychiatry clinics within the US to launch and scale superior therapies for sufferers with treatment-resistant despair.

The fund is presently exploring alternatives in areas equivalent to longevity and trendy preventive well being, geriatrics, and continual ache administration.

“We’re grateful to our restricted companions for his or her belief and assist. Throughout the fundraising journey, they had been supportive of our capacity to construct generational healthcare firms from the bottom up in crucial areas of care that make an actual distinction for sufferers,” stated Gaurav Porwal, companion at W Well being Ventures.