To manage firm’s investments in healthcare sector, HealthXCapital merges with Jungle Ventures

Jungle Ventures, a Singapore-based company, has announced the merger of the HealthXCapital (HXC) team to oversee the company’s investments in the healthcare sector in India and Southeast Asia.

The $20 million HealthXCapital, which has backed startups like Red Health (previously StanPlus), Medfin, and THB, will now be a part of Jungle Ventures’ portfolio as a result of this change. The latter is presently making investments from its fourth fund, which has a corpus of $600 million.

Seemant Jauhari, managing partner, and Jimit Patel, senior associate, are two investment experts who will also join Jungle Ventures from the HealthXCapital team.

In the various healthcare sectors of home care, ambulatory care, insurtech, data sciences, and brain health, HXC claims to have interacted with over 1,200 founders.

In Southeast Asia and India, Jungle Ventures makes investments in early- to growth-stage businesses. Atomberg, Builder.ai, Livspace, and Moglix are all part of its portfolio. Less than half of the fund’s $600 million capital has so far been used.

Arpit Beri was made a partner in the company in June, and the company plans to bring on more experienced talent soon.