Today, we're happy to announce that Chintan Kothari has joined our healthcare team in India as Partner. He will be based in Eight Roads’ Mumbai office.
Chintan will enhance Eight Roads’ ongoing efforts in the country to back entrepreneurs of early-growth stage companies and identify new investment opportunities across the healthcare and life sciences value chains.
With over 15 years of experience in investment banking, Chintan joins Eight Roads from Avendus Capital where he led the healthcare vertical for their investment banking business. Prior to Avendus, he led the healthcare and consumer investment banking verticals for Citigroup, before which he was with Rothschild in India. He holds an MBA degree from Case Western Reserve University, USA and a Bachelor of Commerce degree from Sydenham College, Mumbai. He is also a CFA Charter Holder.
Dr. Prem Pavoor, Senior Partner, Head of India & Healthcare Investments, Eight Roads Ventures commented: “We are delighted to welcome Chintan to our healthcare team and as a member of the leadership team in India. Chintan’s arrival is another example of our commitment to continue to grow our team to meet the explosive growth in opportunities we foresee in the Indian healthcare industry. His experience and network will be invaluable given both the breadth and reach of our existing investments, and our ambition to partner with exceptional founders within life sciences, healthcare services, consumer health and digital health.”
Eight Roads’ Healthcare team in India has to-date backed over 25 fast-growing businesses. This year, the team announced two new investments - Enzene Biosciences, an innovation-driven biologics company, a subsidiary of Alkem Laboratories and Enko, a crop health company. The firm’s global platform has backed over 120 healthcare companies of which more than 50 have listed in the public markets.
“Eight Roads’ global platform and deep domain expertise can be very strategic to entrepreneurs in the country who are building best-in-class businesses.” said, Chintan Kothari, Partner, Eight Roads Ventures. “Healthcare in India is evolving at break neck speed and I believe that we’re going to witness more innovation in the sector over the next few years. This is an exciting time to be part of the startup ecosystem and I am delighted to be joining Eight Roads as we bring our collective experiences to support and scale-up category leaders.”
Eight Roads has backed innovative businesses in India since 2007 and its team of over 40 investment professionals, functional experts and Venture Partners spans a broad range of academic and professional expertise, domain knowledge, geographical experiences, and an entrepreneurial spirit focused on helping Indian founders succeed. In May 2022, Eight Roads announced its first dedicated USD 250 million healthcare and life sciences fund for India. This is amongst the largest funds dedicated to the Indian healthcare sector.