As First Close, Inviga Healthcare Fund Secures USD 20 Mn The Bengaluru-based fund aims to support healthcare and pharmaceutical/life science enterprises throughout the entire value chain.

By Paromita Gupta

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Dr. B. S. Ajaikumar, Co-founder, Inviga Healthcare Fund/LinkedIn

Inviga Healthcare Fund (IHF), the newly launched healthcare-focused private equity fund, secured USD 20 million as its initial close.

The Bengaluru-based fund was established by HealthCare Global Enterprises Executive Chairman Dr. B. S. Ajaikumar and Ajay Garg, Founder and Managing Director of Equirus Capital. The Bengaluru-based fund aims to support healthcare and pharmaceutical/life science enterprises throughout the entire value chain.

Dr. Ajaikumar said, "In my over 35 years as a doctor-entrepreneur in India, I have witnessed first-hand both the strengths and weaknesses of our healthcare system. Inviga Health Fund is my response which embodies my desire to provide high-quality egalitarian healthcare to all sections of society, while supporting and positioning doctor/healthcare entrepreneurs as primary drivers in the business.

"Through our investments, we will support the blossoming Indian healthcare entrepreneur ecosystem, foster clinical excellence, focus tenaciously on quality of outcomes, drive deep social impact, and help build businesses on sustainable vectors," he added.

Inviga Healthcare Fund made its maiden investment in biotech startup Mynvax, which focuses on developing novel recombinant vaccines for human respiratory viral diseases, including seasonal influenza and COVID-19.

Mynvax was co-founded by Raghavan Varadarajan and Gautham Nadig, professor and alumnus respectively, of the Molecular Biophysics Unit at the Indian Institute of Science.

Ajay Garg, Co-founder, Inviga Healthcare Fund, added, "We see the prospect of transforming the Indian healthcare landscape in a meaningful way, one investment at a time. A doctor-driven thematic healthcare and life sciences fund in India is a rarity. This gives us a unique vantage point that helps transcend critical technical barriers that otherwise typically exist between healthcare entrepreneurs and their financiers,and creates win-win situations that not only benefit the business and investors, but also contribute significantly to the progress of Indian healthcare."

Paromita Gupta

Entrepreneur Staff

Features Writer with Entrepreneur India

Covering news and trends in AI and Metaverse segments. An avid book reader running her personal blog on the side. You may reach me at paromita@entrepreneurindia.com. 
Growing a Business

'Boring' Businesses Are Making Millionaires — and You Can Borrow Their Strategies For Success

The silent growth strategy reveals how understated, steady businesses are quietly creating wealth for entrepreneurs in 2025. By focusing on long-term consistency and incremental progress, these "boring" industries are proving to be gold mines for those willing to embrace stability over hype.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

Microsoft Leaked Internal Survey Reveals How Software Engineers Really Feel About Their $205,000 Median Pay

Is working at Microsoft a good deal? An internal survey shows how employees view the company.

News and Trends

India to be the Most Attractive IPO Market, Key Steps Necessary to Hit $8 Trillion: Nilekani

Nilekani delivered a keynote addressing the 4 keys to unlock the USD 8 trillion economy for India in 2035, centering around technology, capital, entrepreneurship and formalisation.

Franchise

The Fastest-Growing Franchises of 2025

If you want to buy into a business with that's booming, this is your ticket.