Key Highlights

• Rahul Agarwal joins HealthQuad as Partner, overseeing strategy and investments at India-focused healthcare VC platform.
• HealthQuad Fund III aims to raise $300 million to back early-stage health-tech startups in India.

Quadria Capital, a leading healthcare-focused private equity firm in Asia, has appointed Rahul Agarwal as Partner at HealthQuad, their India-based growth venture capital platform.

Agarwal joins HealthQuad after 13 years at Quadria Capital, where he most recently served as Managing Director. He has also contributed to the growth of investments, scaling portfolio companies, fundraising, and execution of successful exits at Quadria since he joined it when he started the company.

His new position will be to design and implement the fund strategy of HealthQuad including leading the investment team and committee which are very important in the success of HealthQuad Fund I and Fund II.

Having been in healthcare investing and fund management with over 18 years of experience, Agarwal has managed and led healthcare delivery-, pharmaceutical- and digital health-related transactions. He has earlier worked with Religare Global Asset Management, Evolvence India Fund.

Also Read: India's Venture Capital Funding Rises 43% to $13.7 Billion

Throughout his tenure, he facilitated the investing and exit deals with a total value of more than US$ 1.5 billion (~Rs. 12,900 crore) to India, Southeast Asia, and the United States.

The appointment follows the announcement of the HealthQuad Fund III that intends to raise up to $300 million with the possibility of a 100 million greenshoe. Agarwal said: "With Fund III, we have a unique opportunity to institutionalize early‑stage healthcare investing in India and build category‑defining companies."

Quadria plans to announce additional senior hires soon to strengthen its investment and operational capabilities.