Singapore-based Jungle Ventures teamed up with HealthXCapital, an investment platform providing smart, connected capital to healthcare startups.
Read also – [Funding alert] DynamoFL Secures $15.1 Mn In Series A Round
HealthXCapital, which has invested $20 million in Red Health, Medfin, and THB, will now be part of Jungle Ventures’ portfolio. Jungle Ventures has announced the addition of two investment professionals from the HealthXCapital team: Seemant Yauhari, Managing Partner, and Jimit Patel Senior Associate. Jauhari further revealed that he had been made a partner in the healthcare vertical, as reported by The Economic Times.com.
Read also – [Funding alert] Vegapay Secures $1.1 Mn In Pre-Seed Funding Round
“Moving forward, the HealthXCapital (HXC) team will lead new investments only through Jungle Ventures,” Jungle Ventures’ founding partner Amit Anand told ET. He declined to comment on the financial terms of the merger.
“The HXC team is graduating from having a smaller pot of capital and being able to only help fewer companies to now working on a larger platform and going after the same spaces and doing much more there,” Jungle Ventures’ founding partner Amit Anand told ET. HXC has completely deployed its $20 million corpus.
Apart from Jungle Ventures, Apollo Hospitals is also a limited partner in HXC. On whether the LPs will retain their positions in Jungle Ventures, Anand said, “Not really. Some of them will decide whether they want to become an LP. We are not also raising a new fund… what happens with those LPs and how we collaborate will play out in the future.”
About HealthXCapital
An early-stage investment platform called HealthXCapital offers smart, connected finance to healthcare businesses with a focus on Southeast Asia and India’s growing markets. HXC is supported by Apollo Hospitals, a leading healthcare organization in India, and Jungle Ventures, a renowned VC with offices in Singapore. They have developed a special model that gives startups that we work with a considerable competitive advantage.
About Jungle Ventures
In order to differentiate itself from other venture capital firms and stop attempting to be everything to everyone, Jungle Ventures was founded in 2012. They have achieved this by concentrating on less funding and only pursuing businesspeople who want to create national or even worldwide category leaders.
Read also – Drs On Calls Launches Second Opinion Service, Bridging Patients with International Doctors Virtually
