Fidelity-backed Eight Roads Ventures firm has announced its first India-focused healthcare and life sciences fund amounting to USD 250 million. The new funds will be used to make minority investments in 15 to 20 firms including life sciences, healthtech, consumer health, and digital health startups at the early and growth stage. Eight Roads will give smaller cheques as well as cheques as large as USD 40 million.
The firm has a portfolio of 25 companies across healthtech and life sciences. The funds will be focused on early- to growth-stage investments in life sciences, healthcare services, consumer health, and digital health.
Daniel Auerbach, Senior Managing Partner and Head of Global Ventures at Eight Roads Ventures said, “Eight Roads has supported innovative businesses in India since 2007. The launch of this healthtech fund reflects our confidence in the evolution of the Indian market and our commitment to helping ambitious founders scale.”
