Private equity (Cat II) · SEBI registry
Somerset Indus Healthcare India Fund
Growth (Series C+) · Healthcare services · Mumbai
At a glance
- Stage focus
- Growth (Series C+)
- Primary sector
- Healthcare services
- City
- Mumbai
- HQ / office
- Upper Worli, Mumbai, Maharashtra
- Fund registered
- 2017
- Investments on record
- 5
- Corpus (as reported)
- ~$500M AUM across three funds; Fund III closed at $288M (March 2026)
- Website
- somersetinduscap.com
- Profile ↗
About
Somerset Indus Capital Partners is a healthcare-focused private equity firm founded in January 2011 by Avinash Kenkare and Mayur Sirdesai, making growth-equity investments in Indian healthcare companies that improve access and affordability. Track record of ~15 portfolio companies across three funds.
Investment focus
Growth-stage private equity in Indian healthcare — hospitals, diagnostics, pharma, medical devices and digital health, focused on Tier 2/3 cities (the 'missing middle')
Cheque size
USD 5-25M (this fund); platform typically USD 15-40M per company in later fund, up to USD 60-80M with co-investment
As compiled from public sources — verify with the investor.
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/17-18/0313
- IN/AIF2/23-24/1333
SIDBI Fund of Funds
On the SIDBI FFS list
Funds: Somerset Indus Healthcare India Fund
Yes — on official SIDBI FFS supported-AIF list (Somerset Indus Healthcare India Fund)
Notable portfolio
NU Hospitals; Cyrix Healthcare; Printmann Offset; GenWorks Health; Apex Hospitals
Team & organisation
~27 total incl. 5 partners (founders Avinash Kenkare, Mayur Sirdesai; partners Kannan Ramesh, Sharad Ladha; ED Vaibhav Doshi)
Pvt Ltd advisor (Somerset Healthcare Investment Advisors Pvt Ltd) managing Category II AIF; multi-fund healthcare PE platform (Fund I/II India trusts plus offshore Fund III vehicle)
Connect through iHub India
Open a funding round and send a structured pitch from this profile. It's recorded now and delivered the moment this investor joins iHub India; if they accept, contact details are shared and the conversation moves into a tracked deal room.
Raising a round? Send a funding pitch with your traction — an acceptance opens a tracked deal room. Mentors, incubators, corporates and students can request an intro instead.
Work at Somerset Indus Healthcare India Fund? Claim this profile to keep it current and receive pitches directly.
Frequently asked
- What does Somerset Indus Healthcare India Fund invest in?
- Growth-stage private equity in Indian healthcare — hospitals, diagnostics, pharma, medical devices and digital health, focused on Tier 2/3 cities (the 'missing middle')
- What cheque size does Somerset Indus Healthcare India Fund write?
- As compiled from public sources: USD 5-25M (this fund); platform typically USD 15-40M per company in later fund, up to USD 60-80M with co-investment
- How do I pitch Somerset Indus Healthcare India Fund through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
Similar investors
VC fund (Cat II)
108 Capital Venture Fund
Growth (Series C+) · Not disclosed · Bengaluru
VC fund (Cat I)
35North India Growth Fund Trust
Growth (Series C+) · Fintech · Mumbai
VC fund (Cat II)
A91 Partners
Growth (Series C+) · Financial services (non-tech) · Mumbai
VC fund (Cat II)
a99 Investment AIF Trust
Growth (Series C+) · Manufacturing & Industrials · Chennai
VC fund (Cat II)
Aaroh Capital Trust
Growth (Series C+) · Not disclosed · Bengaluru
Private equity (Cat II)
Access Fund Trust
Growth (Series C+) · Sector agnostic · Mumbai
About this record
- ⚑ PE — healthcare growth-equity (Cat II PE), not startup VC
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://somersetinduscap.com/about-us/; https://www.siliconindia.com/startup/startup-funding/somerset-indus-capital-partners-closes-fund-iii-at-288-million-nwid-53822.html