Eight Roads Venture India announced the launch of its first dedicated healthtech and life sciences fund worth $250 million.
The venture capital firm claimed that the fund was one of the largest for the sector in India, bringing the total amount managed by Eight Roads in India to $1.6 billion. The fund will be used by the company to make minority investments in 15 to 20 early-stage life sciences, healthtech, consumer health, and digital health startups. Eight Roads will look to cut smaller checks as well as larger checks up to $40 million. The venture capital firm already has a portfolio of 25 healthtech and life sciences companies.