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Asian Healthcare Fund to Back Medtech Ventures

Asian Healthcare Fund to Back Medtech Ventures

Company aims to raise $125-150 million in its second offering after exhausting its first fund.

By VCCircle03.23.16



Ajay Kumar Vij, co-founder and CEO of Asian Healthcare Fund, says the private equity firm is looking at investment opportunities in all segments of the healthcare sector including pharmaceuticals and healthtech ventures.

"Health-tech startups are disrupting the way services have been traditionally been delivered," he said in an interview with VCCircle.

Asian Healthcare Fund was started in 2010 by Dabur Group chairman Anand Burman and Vij, former CEO of Dabur Pharma.

It has hit the road to raise $125-150 million in its second offering after exhausting its first fund. From its first fund, the PE firm invested in dental chain MyDentist, primary healthcare clinic chain Healthspring, medical device company Forus Health Pvt Ltd, and optical store chain Ben Franklin Opticians.

Vij says the firm has learnt a number of lessons from its first fund. “The one big learning from the first fund is to focus on healthcare as a single sector. It is a challenging area but it is also a very attractive area,” he said.

Vij also had a word or so for prospective companies looking to get funded from Asian Healthcare Fund. He said that creating quality business by investing in a good team, and not chasing growth for the sake of growth, is the key.
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