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Global HealthX crosses $15 Mn in healthcare investments, unveils startup cohort

EntrackrEntrackr · 18d ago
Global HealthX crosses $15 Mn in healthcare investments, unveils startup cohort
Medial

Global HealthX, the healthcare and life sciences innovation hub under the Global University Foundation, has crossed $15 million in investments across healthcare and life sciences startups, as well as studio-built ventures, over the past two years. Operating at the intersection of healthcare, life sciences, and technology, Global HealthX brings together a venture studio, strategic investments, and market-access partnerships within a single, integrated model. The platform aims to address structural gaps in India’s healthcare ecosystem, particularly in access, affordability, and continuity of care. The most recent cohort includes five startups — TapHealth, Wellytics, Monitra Health, Merry Health, and Avika — working across AI-led chronic care, cardiac monitoring, emergency response, genomics-driven precision medicine, and VR-based mental health therapy. The Hyderabad-based firm typically invests between $250,000 and $500,000 per company, with flexibility for follow-on investments from pre-seed to Series A and beyond, depending on scale and impact potential. Looking ahead, Global HealthX plans to deploy $8–10 million in 2026 across 10 additional startups spanning healthcare and life sciences, reinforcing its commitment to building long-term healthcare infrastructure in India while enabling the right market access. Led by Ravindranath Kancherla, Global HealthX (GHX) is a healthcare and life sciences venture studio, accelerator, and investment fund focused on innovation, R&D, and startup acceleration in India. Operating as the innovation arm of the Global Institute for Research & Innovation (GIRI), it aims to make healthcare more accessible through technology and expert mentorship.

InvAscent leads $13 Mn round in Geri Care Health Services

EntrackrEntrackr · 1y ago
InvAscent leads $13 Mn round in Geri Care Health Services
Medial

Snippets InvAscent leads $13 Mn round in Geri Care Health Services The fresh funds will be utilized to expand its services across key cities in Southern India, including Bengaluru, Hyderabad, Kochi, and Coimbatore, Geri Care said in a press release. Geri Care Health Services, an integrated senior citizen-focused healthcare services provider, has raised Rs 110 crore ($13 million) in a funding round led by InvAscent, investing through its India Life Sciences Fund IV (ILSF IV) for a minority stake in the company in its first institutional fundraise. Founded in 2018 by Lakshmipathy Ramesh, Geri Care offers a comprehensive 360-degree continuum care model for senior citizens, with a network of multi-specialty hospitals, assisted living centers, home care, and clinics exclusively for senior citizens. According to the Chennai-based company, it is also introducing first-of-its-kind specialty centers of excellence in geriatric oncology, geriatric urology, geriatric cardiology, and ortho-geriatrics through its chain of multi-specialty hospitals exclusively for elders. Geri Care claims to serve tens of thousands of elders in South India, particularly in Chennai. InvAscent is a life sciences private equity firm managing an AUM of over $800 million, with investments in over 35 companies across the pharma, healthcare delivery, medical devices, animal health, nutraceuticals, and healthtech industries.

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