India, June 17 -- Healthcare-focused private equity firm Quadria Group has launched HealthQuad Fund III with a target corpus of $300 Mn and an additional $100 Mn green shoe option.

HealthQuad was launched in 2016 as a separate investment vehicle within Quadria to focus on early-growth healthcare innovations.

As part of the development, Quadria said in a statement that it will take full ownership of the HealthQuad platform following its separation from impact investor KOIS.

The fund will back 13-15 startups operating in the healthtech sector, including AI- based healthcare models, digital therapeutics , ambulatory care models, enterprise SaaS models and point of care devices, among others, HealthQuad founder and investment committee mem...