Eight Roads Ventures, backed by global investment firm Fidelity, has launched a $250-million fund to invest in healthcare and life sciences startups in India, per its statement.
The firm intends to deploy the fund to make minority investments in 15 to 20 companies. It will look at both smaller ticket-sized investments as well as those going up to $40 million. It currently has a portfolio of 25 companies across the health and life sciences sectors.
