HealthXCapital merges into Jungle Ventures to back healthtech startups

Singapore-based Jungle Ventures has announced the merger of HealthXCapital (HXC) team to lead the firm’s healthcare investments in India and Southeast Asia.

Following this move, the $20 million HealthXCapital, which has invested in startups like Red Health (formerly StanPlus), Medfin, and THB, will now join Jungle Ventures’ portfolio. The latter is currently investing out of its fourth fund, which boasts a $600 million corpus.

Two investment professionals from HealthXCapital’s team – Seemant Jauhari, managing partner and Jimit Patel, senior associate – will also join Jungle Ventures.

HXC claims to have engaged with over 1,200 founders across diverse healthcare segments, ranging from home care, ambulatory care, insurtech, data sciences to brain health. 

Jungle Ventures invests in early- to growth-stage companies in Southeast Asia and India. Its portfolio includes Moglix, Livspace, Builder.ai and Atomberg. The fund has currently deployed less than half of its $600 million fund. 

In June, the firm elevated Arpit Beri as partner in the firm, and is planning to add more senior talent in the next few months.