W Health Ventures marks first close of Fund II at Rs 550 Cr to back healthcare startups

Healthtech-focused venture capital firm W Health Ventures has raised ₹550 crore ($60.6 million) for the first close of its second fund. The firm aims to start and grow businesses in the healthcare sector.

The firm started the fund in July 2025, aiming to raise ₹600 crore. Over the next four years, it plans to invest in 8–10 early-stage healthtech startups with each investment ranging from ₹30 crore to ₹50 crore.

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“We work with founders, clinicians, operators, and strategic partners to co-found companies from inception. We identify underserved clinical and operational whitespaces, assemble founding teams, and support execution through shared playbooks, partnerships, and an experienced platform team. Our portfolio companies impact over 25 million individuals globally and we aim to scale this to a billion lives over the next two decades,” said Dr Pankaj Jethwani, Managing Partner at W Health Ventures.

The new fund has started investing. Its first incubated company, Everhope Oncology, was launched with Narayana Health to build an integrated oncology care platform. The firm is also incubating a US-based psychiatry venture to improve access to advanced treatments for patients with treatment-resistant depression. Other focus areas being considered include longevity and preventive health, geriatrics, and chronic pain management.

“We are grateful to our limited partners for their trust and support. Across the fundraising journey, they were supportive of our ability to build generational healthcare companies from the ground up in critical areas of care that make a real difference for patients,” said Gaurav Porwal, partner at W Health Ventures.

W Health Ventures is an early-stage healthcare investor that partners with venture studio 2070 Health to build new companies. So far, it has invested in around a dozen healthcare businesses in India and the US.

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