HealthQuad

Check you fit first

• HealthQuad invests only in healthcare. If your company is not in healthcare, it is not the right investor.
• Its stated criteria include an established revenue model and a path to profitability, so come with a product that is already selling.
• Its listed focus areas are disease prevention and wellbeing, technology that improves quality of care, and healthcare financing models.

How to reach them

• Write to investment@healthquad.in. That is the address the site gives for investment opportunities.
• The site has no application form, deadline or cohort. Treat it as a direct approach to an investor.
• Use contact@healthquad.in for anything that is not an investment pitch.

What the firm says it looks for

• A business offering that is different from what exists
• A strong, experienced execution team
• A model that can be copied in more places
• A clear social impact thesis built into the strategy
• A defined path to profitability
• Better healthcare outcomes for patients

Say how your company meets each of these in your first email.

HealthQuad is a venture capital firm that invests only in healthcare. Its website calls it a healthcare innovation fund and says the aim is to nurture models that change healthcare in India and make an inclusive impact on communities. The only address on its site is Level 3, The Crescent, Lado Sarai, Mehrauli, New Delhi 110030.

HealthQuad is an investor, not an incubator or a grant giver. It does not run an application cycle, a cohort or a demo day. A founder gets in by writing to its investment inbox, and the firm decides whether to take it forward.

What it invests in

The site says HealthQuad invests across the healthcare value chain. It names three areas: disease prevention and wellbeing, improving quality of care by leveraging technology, and ancillary healthcare models, including healthcare financing. Its stated thesis is to focus on micro markets and build customised, technology-led solutions that improve the efficiency of business models.

The portfolio listed on the site is wide. It includes a medical supplies marketplace (Medikabazaar), a digital health and wellness app (HealthifyMe), a healthcare financing platform (ImpactGuru), an emergency response services company (Stanplus), a corporate wellness platform (ekincare), a diabetes care company (BeatO), a diagnostics company (Redcliffe Labs), a mental health chatbot (Wysa), a pharma distribution and patient reach company (GoApptiv) and an AI radiology company (Qure.ai). It also lists hospitals and a diagnostics company. The site notes that HealthQuad has exited Strand Life Sciences.

What it looks for

The site lists eight investment criteria: a unique business offering, a strong execution team, an established revenue model, a clearly defined social impact thesis, a clear execution pathway, scalability, an inherent ability to improve healthcare outcomes, and a path to profitability. An established revenue model and proven traction are part of the list, so this is a firm for companies that already sell, not for an idea on a slide.

The firm also frames its work around four impact pillars: affordability, accessibility, quality and awareness. It says it works on gender diversity inside the firm and across its portfolio.

What founders get besides funding

HealthQuad says it brings more than financial capital. The site lists clinical insights, a wide ecosystem, advocacy with government and in policy making, strategic and operating healthcare experience, and access to people who influence the healthcare ecosystem across the world. After an investment, its value creation work covers team building, business development, margin improvement, business model realignment, strategic initiatives and corporate governance.

Funds and who runs it

The site names two funds. Healthquad Fund I is registered as a Category I venture capital fund, managed by Healthquad Advisors Private Limited. Healthquad Fund II is registered as a Category II alternative investment fund, managed by Healthquad Capital Advisors Private Limited. Both carry SEBI registration numbers on the site.

The investment team is led by Charles-Antoine Janssen as Managing Partner, Dr. Pinak Shrikhande as Managing Director and Ajay Mahipal as Partner. The site also names an investment committee and a head of impact and ESG.

How to reach HealthQuad

For investment opportunities, write to investment@healthquad.in. For other matters, write to contact@healthquad.in. For careers, write to career@healthquad.in. The site also has a contact form with a place to attach a file.