Dr. B.S. Ajaikumar, Doctorpreneur and the founder and executive chairman of HealthCare Global Enterprises Ltd (HCG), recently announced the launch of Inviga Healthcare Fund (IHF) in Bangalore, India. Ajay Garg, the Founder and Managing Director of Equirus Capital, co-founded this private equity fund. It is dedicated to improving healthcare accessibility, affordability, and quality across India. With an initial close of $20 million, IHF aims to support healthcare entrepreneurs and foster positive change throughout the Indian healthcare system.
The fund strongly focuses on supporting healthcare startups in India. It encourages innovation, improves medical standards, and ensures good results. Overall, it intends to make a positive difference in society and help businesses grow sustainably. The fund’s first investment is in Mynvax, a biotech startup using advanced technology to develop vaccines for diseases like the flu and COVID-19.
Inviga Healthcare Fund to Boost Healthcare Global Enterprises
Chairman of HCG Launches Inviga Healthcare Fund (IHF) has secured an initial close of $20 million. The fund’s mission is to empower entrepreneurs and catalyze transformative change throughout India’s healthcare ecosystem.
IHF has made its inaugural investment of $2 million in Biotech Startup Mynvax. Mynvax is dedicated to pioneering recombinant vaccines for respiratory viral diseases, including seasonal influenza and COVID-19. This strategic investment underscores IHF’s commitment to driving innovation and addressing the nation’s critical healthcare challenges.
Dr. Ajaikumar, a visionary leader known for his commitment to advancing healthcare accessibility and quality, expressed his motivation behind IHF, stating,
“I have witnessed firsthand both the strengths and weaknesses of our healthcare system. Inviga Healthcare Fund is my response, embodying my desire to provide high-quality egalitarian healthcare to all sections of society while empowering doctors and healthcare entrepreneurs as primary catalysts for change.”
He further emphasized IHF’s mission to nurture India’s healthcare entrepreneur ecosystem. It aims to promote clinical excellence, ensure superior quality outcomes, and drive profound social impact. The maiden investment in Biotech Startup Mynvax represents a pivotal moment in IHF’s journey towards revolutionizing Indian healthcare, catalyzing innovation, and ultimately improving the lives of millions nationwide.
Making Healthcare Global Enterprises Better
Inviga Healthcare Fund (IHF) is here to make a big difference in India’s healthcare, pharmaceuticals, and life sciences. IHF aims to help companies throughout the healthcare journey. It has wide-ranging industry know-how, global connections, and unique mix of skills like entrepreneurship, clinical expertise, investment, banking, and senior management.
Whether it’s supporting new ideas, connecting with partners worldwide, or bringing together different skills, IHF is committed to improving healthcare for everyone.
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