India, July 30 -- Healthtech-focussed VC firm W Health Ventures has launched its second fund with a target corpus of $70 Mn (INR 609 Cr). The fund will also have a greenshoe option of $30 Mn (INR 261 Cr).

With Fund II, the VC firm will look to back eight to 10 early stage healthtech startups over the span of next four years, with an average cheque size of $3 Mn to $5 Mn.

Speaking with Inc42, W Health Ventures managing partner Pankaj Jethwani said that the firm is eyeing the first close of the fund in the next couple of months.

He added that the investment firm will offer R&D avenues to the selected startups for developing their early minimum viable product (MVP).

Launched in 2019 by Sunil Wadhwani, W Health Ventures backs early stage ...