Bengaluru: Inviga Healthcare Fund (IHF), the private equity platform founded by HealthCare Global Enterprises (HCG) Chairman Dr. B. S. Ajaikumar, has acquired a 21 per cent stake in Forus Health Pvt. Ltd., a Bengaluru-based ophthalmic diagnostics company known for its AI-driven eye screening solutions.
Forus Health’s devices have screened over 22 million patients across more than 75 countries, helping deliver last-mile comprehensive eye diagnostics to over five million people globally through its integrated digital platform powered by artificial intelligence.
The secondary transaction marks Inviga’s second major investment following its stake in vaccine developer Mynvax in 2024 and underscores its intent to back technology-led, scalable healthcare ventures built in India for global markets.
“Forus Health embodies the Inviga ethos — clinically strong, technologically deep, socially impactful and growth-oriented,” said Dr. Ajaikumar. “This investment is a testament to our confidence in India’s ability to produce world-class healthcare innovations for domestic and international markets.”
K. Chandrasekhar, Co-founder and CEO, Forus Health, said the investment comes at a pivotal time in the company’s growth. “We are thrilled to welcome Inviga as we expand our AI and platform capabilities and strengthen our global presence. Our mission remains focused on eradicating preventable blindness,” he said.
Inviga Fund Manager Rakshith Rangarajan said the partnership will help expand Forus Health’s med-tech franchise and advance accessible solutions for preventable blindness. “The Make in India, Make for India and Make for the World ethos of Forus resonates deeply with our Fund. We’re confident this partnership will drive sustained growth and long-term value creation,” he said.
According to industry data, more than 270 million Indians live with some form of visual impairment, most of which is preventable through early detection. Globally, over 2.2 billion people suffer from vision impairment or blindness, with nearly half of these cases being avoidable.
Inviga Healthcare Fund is building a dual investment strategy—developing multi-specialty hospital platforms while investing in emerging healthcare and life sciences companies—to foster scalable innovation and create long-term impact across India’s healthcare ecosystem.
link