W Health Ventures has introduced its second fund, a $70 million initiative aimed at cultivating and expanding healthcare startups within India. Building upon their established strategy, the Boston- and India-based venture capital firm intends to incubate companies right from their inception. Over the next four years, Fund II will support eight to ten ventures, focusing on specialized care delivery models designed for the specific clinical demands of India, along with AI-driven B2B healthcare services targeting the US market.
The launch of this fund arrives amid a surge in the need for tech-enabled, patient-focused care. India’s expansive $370 billion healthcare sector stands at a pivotal moment, influenced by evolving domestic expectations and escalating global interest in its healthcare innovations. Despite this, the pace of innovation is hampered by structural hurdles, including intricate regulations, clinical inertia, and deeply rooted provider networks. W Health aims to bridge these gaps using a company-creation model developed in partnership with venture studio 2070 Health.
Dr. Pankaj Jethwani, Managing Partner at W Health Ventures, notes that healthcare innovation in India lags 10–15 years behind global standards, presenting a considerable opportunity. The firm is dedicated to creating sector-leading companies from the ground up, ensuring success through strategic design rather than chance. The fund has already started deploying capital, with its initial investment in EverHope Oncology, which aims to transform cancer care in India through modern outpatient facilities and globally recognized protocols. Narayana Health spearheaded a $10 million ‘day-zero’ investment in the company.
W Health’s Fund I has already impacted over 25 million patients globally, with investments in platforms such as Nivaan Care (chronic pain), BeatO (diabetes), and BabyMD (pediatrics) within India, and global health-tech startups like Wysa and Reveal HealthTech. With a mission to tackle unmet healthcare needs via early-stage investments, W Health Ventures joins a growing number of firms banking on India’s capacity to create extensive healthcare solutions and globally exportable innovations. Their strategy prioritizes active operational engagement, offering dedicated startup infrastructure, founder support, and access to clinical networks from the very beginning. Fund II is set to build on this foundation, speeding up advancements throughout both Indian and international healthcare systems.
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