Updated:
HealthQuad
Healthquad is a New Delhi-based firm founded in 2016. It provides financial capital and strategic support to Indian healthcare startups. Healthquad focuses on...
HealthQuad
Healthquad is a New Delhi-based firm founded in 2016. It provides financial capital and strategic support to Indian healthcare startups. Healthquad focuses on investments in technology and business models that improve accessibility, affordability, and quality of care.
General information
Firm type
Private Equity
Year founded
2016
AUM
$162M
Location
Region
Asia
Country
India
City
New Delhi
Corporate office
New Delhi, India
Principals
Abrar Mir
Co-Founder & Managing Partner
Ajay Mahipal
Co-Founder & Managing Partner
Sector focus
Frequently asked questions
What investment stages does HealthQuad target?
HealthQuad invests across early-stage venture, growth equity, and structured minority positions, though the majority of its deployment targets growth-stage companies with established revenue. The firm is willing to back pre-revenue medical device and health-tech startups from a seed-stage allocation, but its core check size and portfolio construction favor businesses that have already achieved clinical or operational scale in Indian Tier-1 and Tier-2 cities.
How does HealthQuad source its deals?
HealthQuad relies on a proprietary network within India's single-specialty hospital and diagnostic-chain ecosystem — a fragmented market where most providers are founder-owned and do not transact through broad auction processes. The firm's narrow sector focus and development-finance LP relationships also generate inbound referrals from other impact-oriented investors and multilateral agencies active in Indian healthcare infrastructure.
Does HealthQuad participate in fund commitments or only direct deals?
HealthQuad exclusively makes direct investments in operating healthcare companies and health-tech platforms. The firm does not operate a fund-of-funds program, nor has it disclosed any LP commitments to other private equity or venture capital vehicles. Its mandate is to deploy capital into portfolio companies where the investment team can take board seats and influence operational direction.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
Need institutional-grade insight on private equity firms?
Altss delivers:
Prefer a guided tour?
We’ll walk you through: