With tech, we can bring healthcare closer to people: HealthXCapital’s Seemant Jauhari

Seemant Jauhari, Partner at HealthXCapital

If you think HealthXCapital’s $25 million fund is a mere drop compared to larger vehicles targeting the Asian healthcare space – it is. Healthcare is awash with capital.

Sample this: Healthcare-focused private equity firm, Quadria Capital is raising $700 million for its second fund for emerging Asia. Singapore-based Altair Capital is targeting a $150 million maiden ASEAN fund covering healthcare, among other investments. China VCs like Quan Capital and Long Hill Capital are raising up to $300 million for their healthcare funds. Biotech and pharmas rule the exits with players like Wuxi AppTech and Tencent’s WeDoctor on track to launch HK IPOs worth over $1 billion.

But HealthXCapital is differentiating itself by occupying a space that no else is now. The Singapore-based healthcare fund is side-stepping the cash burners like genomics and biopharma to focus on devices, diagnostics and digital health. Why? Because disruption in emerging Asia doesn’t need to come in a big bang with fireworks.

HealthXCapital partner Seemant Jauhari said: “Someone asked me recently – are you interested in process efficiencies in hospitals? Of course we are. But have we taken care of the basic needs of people standing in queues? Or having people dispense pharmacy medicines in time? Improvisation will come later. The mature markets are trying to improvise and perfect processes, but we are still struggling with basic healthcare delivery and quality.”

That’s where the opportunity is for HealthXCapital. Jauhari stresses that he is looking for companies that target two key areas – accessibility and affordability. They are the same issues plaguing most of emerging Asia today.

According to World Bank statistics, healthcare expenditure in Southeast Asia and India stands at 4.7 per cent of GDP, compared to 9.9 per cent in Europe and 17.9 per cent in the US. The region also faces challenges in underdeveloped infrastructure, lack of affordable treatment, proactive healthcare and opaque data management.

Although Jauhari declined to share when he expects this fund to be fully deployed, he said, there is “definitely scope” for another fund. He added that deal flows are healthy and currently “in the hundreds”.

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Following vacancies can be applied for (only in Singapore).   

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  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.