Inviga Healthcare Fund, a newly launched private equity fund with a focus on healthcare, has successfully secured $20 million in its first close.
Founded by prominent figures in the healthcare and financial sectors, Dr B S Ajaikumar and Ajay Garg, IHF is based in Bengaluru and is poised to make significant contributions to the healthcare and pharmaceutical/life science industries.
Founders’ Vision:
Dr B S Ajaikumar, Executive Chairman of HealthCare Global Enterprises, and Ajay Garg, Founder and Managing Director of Equirus Capital, share a vision of supporting healthcare and life science enterprises across the entire value chain.
Dr Ajaikumar expressed his motivation behind establishing IHF, stating, “Inviga Healthcare Fund embodies my desire to provide high-quality egalitarian healthcare to all sections of society, while empowering doctor and healthcare entrepreneurs to drive innovation and excellence.”
Maiden Investment in Mynvax:
IHF’s inaugural investment was in Mynvax, a biotech startup dedicated to developing novel recombinant vaccines for human respiratory viral diseases, including seasonal influenza and COVID-19.
Founded by Raghavan Varadarajan and Gautham Nadig, both associated with the Molecular Biophysics Unit at the Indian Institute of Science,
Mynvax represents the pioneering spirit of Indian biotech innovation. Incubated at the FSID, IISc, Bengaluru, Mynvax embodies the potential for groundbreaking advancements in vaccine technology.
Transforming the Healthcare Landscape:
Ajay Garg emphasized the transformative potential of IHF in reshaping the Indian healthcare ecosystem. He remarked,
“We envision a paradigm shift in healthcare investment, where doctor-driven initiatives play a central role in driving innovation and addressing critical healthcare challenges.
IHF’s thematic approach to healthcare and life sciences investments positions us uniquely to overcome technical barriers and foster sustainable growth.”
Conclusion:
Inviga Healthcare Fund’s successful first close marks a significant milestone in the journey towards revolutionizing the healthcare and life sciences sectors in India.
With a dedicated focus on supporting entrepreneurial ventures and driving innovation, IHF is poised to make a lasting impact on healthcare accessibility, affordability,
and quality. As the fund continues to expand its portfolio and influence, it promises to catalyze positive change and advance the frontiers of healthcare innovation in India and beyond
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