HealthXCapital, a Singapore-based venture capital firm that invests in early-stage healthcare startups in emerging markets, has merged into Jungle Ventures.
The merger was announced on August 16, 2023.
HealthXCapital was founded in 2016 by Seemant Jauhari and Jimit Patel.
The firm has invested in over 20 healthcare startups in India and Southeast Asia, including Red Health (formerly StanPlus), Medfin, and THB.
Jungle Ventures is a venture capital firm that invests in early-stage and growth-stage startups in Southeast Asia and India.
The firm has over $1 billion in assets under management and has invested in over 200 startups, including Carousell, Ninja Van, and Moglix.
The merger of HealthXCapital and Jungle Ventures will create a larger and more diversified healthcare investment platform. The combined firm will have a portfolio of over 40 healthcare startups and will be able to offer startups access to a wider range of resources and expertise.
The merger is also a sign of the growing interest in healthcare investing in emerging markets. The healthcare sector in emerging markets is growing rapidly, and there is a large and growing demand for innovative healthcare solutions.Seemant Jauhari, the managing partner of HealthXCapital, will become a partner at Jungle Ventures.
He will continue to focus on healthcare investing and will work with the firm’s portfolio companies in India and Southeast Asia.Amit Anand, the founding partner of Jungle Ventures, said that the merger is a “natural fit” for the two firms.
He said that the combined firm will be “better positioned to support the growth of healthcare startups in emerging markets.”
The merger of HealthXCapital and Jungle Ventures is a positive development for the healthcare sector in emerging markets. It will help to accelerate the growth of innovative healthcare solutions and improve access to healthcare for millions of people.
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