Entrepreneur Nihar Parikh Creates $75 Million Fund to Support the growth and early stages of Healthtech Startups

4Point0 Health Ventures will invest between $1 and $2 million in growth and early-stage startups operating in the healthcare industry.

The fund has supported Saveo, Fitterfly, Glaymo Health and Eka Care

As element of investment the fund can either join the board of a startup or be a member of the advisory committee

Veteran businessman Nihar Parikh has launched a $75 million healthcare-focused funds 4Point0 Health Ventures to back Indian companies. Prior to the launch of 4Point0, Nihar Parikh was running his family’s company ZCL Chemicals which he sold to a private equity firm Advent in 2021.

4Point0 Health Ventures will invest between $1 million and $2 million in startups at the beginning and in the growth stage operating in the healthcare industry. Up to now, it has supported Saveo, Fitterfly, Glaymo Health and Eka Care, according to the ET report.

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Healthtech startups Eka Care as well as Fitterfly have recently received $15 million and $12 million Series A funding, respectively. In addition, the Saveo along with Glaymo have reportedly obtained venture capital through 4Point0 in July of this year.

As component of its investment the fund could be a member of a startup’s board, or serve on the advisory committee.

In the past few months, a number of VC funds have been announced to support India’s startup ecosystem

In accordance with Business Headers study, 78 funds were distributed during the first half (H1) in 2022. The funds total a amount of more than $12.3 Bn. Of that the top 10 funds that were launched in the H1 2022 period accounted of $8.3 Bn.

In the last few months, crypto investment startup CoinSwitch created an investment fund called Web3 Discovery Fund to help early-stage startups developing blockchain solutions within the emerging web3 segment.

The fund’s objective is to invest and create around 100 Indian startups working in the Web3 and Blockchain area.

In the same time period, SPVH Group’s Weave Capital launched an VC fund of $75 million that will invest in early stage and growth stage startups. The fund also comes with an option to green shoe $25 million.

It will make investments ranging from $1 million to $5 million in its portfolio companies. new additions (startups) into its portfolio will receive investment between $3 million between $3 Mn and $3.5 Mn. The company is planning to invest in 15-20 startups from diverse sectors.

In the last few days, PE company Lighthouse Funds was believed to be in talks to raise $400 million for its new fund which will invest in the fastest-growing Indian brand names for consumers.

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