Mumbai, Maharashtra Apr 25, 2025 (EMWNews.com) – With a 100 crore target corpus and a 100 crore green shoe option, SteerX Angel Fund aims to back bold ideas with potential to transform and disrupt healthcare.
SteerX, a platform built by healthcare leaders for changemakers and disrupters, has launched India’s first Angel Fund exclusively focused on the healthcare sector, marking a significant milestone for the country’s growing healthcare innovation ecosystem.
Registered with SEBI as a Category-I Venture Capital (Angel) Fund, the newly launched fund – SteerX Angel Fund I – has a target corpus of 100 crore, with an additional 100 crore green shoe option.
The fund plans to invest in over 30 early-stage startups, solving high-impact healthcare challenges, with strong differentiation, IP, and early traction. Fund’s thesis includes backing A-rated founding teams building scalable businesses with large market potential and a clear path to profitability.
“We’re building more than a fund — we’re building a healthcare-first innovation ecosystem,” said Lalit Singla, Founder & Managing Partner at SteerX, who has worked for over 2 decades for the US healthcare industry. “Our ambition is to shape a world where innovation knows no barriers – where the brightest minds and boldest ideas converge to transform healthcare, creating lasting change and ultimately improving lives at scale” – he added.
The fund is backed by a network of over 10 seasoned industry experts and venture partners, and has built a pipeline of 200+ high-potential startups through partnerships with co-investors and leading incubators like ISB, IITs, IIMs, BITS, KIIT, and IKP.
The fund has onboarded Poyni Bhatt, a pioneer in early-stage startup incubation, having built SINE at IIT Bombay for 20 years that included countless exits including a Unicorn and IPO.
The SteerX team positions this fund as “by healthcare operators, for healthcare innovators”, targeting startups at their earliest inflection points. It distinguishes itself through a unique blend of clinical, venture, and operational expertise. Beyond capital, SteerX provides strategic guidance, access to healthcare markets, and a co-investment network to help startups scale faster and smarter.
For more details, visit www.steerx.vc
Source :Mojo Capital
This article was originally published by EMWNews. Read the original article here.
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