India, Feb. 12 -- Healthtech-focussed VC firm W Health Ventures has marked the first close of its second fund at Rs.550 Cr ($60.6 Mn), with ambition to launch and scale businesses in the healthcare sector.

The firm launched the fund in July 2025 with a target corpus of Rs.600 Cr. It is targeting to back eight to ten early stage healthtech startups over the next four years, with an average cheque size of Rs.30 Cr to Rs.50 Cr each.

Speaking with Inc42, W Health Ventures managing partner Pankaj Jethwani mentioned that the Fund II is "a company creation fund."

"We identify key problem statements, design solutions around them, and build companies to address those gaps. Many of these are platform businesses that already exist in the market b...