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Rahul Agarwal
Rahul Agarwal
Partner and IC Member
Partner and IC Member


I believe healthcare is undergoing a transformation led by increasing use of technology, AI and new-age business models. I am excited with this unique opportunity to collaborate with exceptional founders to reshape the future of healthcare.
I believe healthcare is undergoing a transformation led by increasing use of technology, AI and new-age business models. I am excited with this unique opportunity to collaborate with exceptional founders to reshape the future of healthcare.
Leveraging deep global investing experience
Leveraging deep global investing experience
Rahul pairs over 18 years of global private equity investing experience with domain expertise in identifying, investing in and building deep value in healthcare category-leaders. Rahul’s investing journey began at Evolvence India Fund, a USD 250 million India-focused private equity fund; followed by Vice President role at Religare Global Asset Management where he helped deploy over USD 250 million in US buy-out transactions. At Quadria Capital he led multiple marquee healthcare investments and exits in India and Southeast Asia, including successful IPOs and strategic sale transactions totaling over USD 1 billion in value.
Rahul pairs over 18 years of global private equity investing experience with domain expertise in identifying, investing in and building deep value in healthcare category-leaders. Rahul’s investing journey began at Evolvence India Fund, a USD 250 million India-focused private equity fund; followed by Vice President role at Religare Global Asset Management where he helped deploy over USD 250 million in US buy-out transactions. At Quadria Capital he led multiple marquee healthcare investments and exits in India and Southeast Asia, including successful IPOs and strategic sale transactions totaling over USD 1 billion in value.
BUILDING CATEGORY-LEADING BUSINESS ALONGSIDE EXCEPTIONAL FOUNDERS
BUILDING CATEGORY-LEADING BUSINESS ALONGSIDE EXCEPTIONAL FOUNDERS
Rahul gravitates toward founders who align bold purpose with fervent execution - those who fuse clinical rigor, data-driven insight, and a relentless drive to scale. Known for his analytical sharpness and founder-first approach, he plays a pivotal role in sourcing and scaling innovations that improve clinical outcomes and access simultaneously. His approach centers around genuine operating partnership as an investor who goes beyond capital — working shoulder-to-shoulder with founders to architect global scale, sharpen strategy, and build institutional-grade businesses in one of the world's most complex and high-stakes sectors.
Rahul gravitates toward founders who align bold purpose with fervent execution - those who fuse clinical rigor, data-driven insight, and a relentless drive to scale. Known for his analytical sharpness and founder-first approach, he plays a pivotal role in sourcing and scaling innovations that improve clinical outcomes and access simultaneously. His approach centers around genuine operating partnership as an investor who goes beyond capital — working shoulder-to-shoulder with founders to architect global scale, sharpen strategy, and build institutional-grade businesses in one of the world's most complex and high-stakes sectors.
Championing mission-driven execution
Beyond his deal work, Rahul is a member of the Deeptech Council at IVCA - India's foremost industry body for private equity and venture capital, where he helps shape the policy and innovation agenda for deep-tech investing in the country. He also serves as a Community Leader - Healthcare, Pharma and Healthtech Community Leader at Aspire Impact Future Project, where he co-authored a report on “Top 10 Impact Investment Ideas in Healthcare-Pharma-HealthTech”. He is a regular and sought-after speaker at leading private equity, healthcare, impact, and ESG forums.
Beyond his deal work, Rahul is a member of the Deeptech Council at IVCA - India's foremost industry body for private equity and venture capital, where he helps shape the policy and innovation agenda for deep-tech investing in the country. He also serves as a Community Leader - Healthcare, Pharma and Healthtech Community Leader at Aspire Impact Future Project, where he co-authored a report on “Top 10 Impact Investment Ideas in Healthcare-Pharma-HealthTech”. He is a regular and sought-after speaker at leading private equity, healthcare, impact, and ESG forums.
Rahul was named to the "40 Under 40 Alternative Investment Professionals, India 2020" list by IAAIF and AIWMI. Rahul holds an MBA from IIM Lucknow and is a qualified Chartered Accountant (CA). Beyond work, Rahul indulges in cycling, squash and community service.
Rahul was named to the "40 Under 40 Alternative Investment Professionals, India 2020" list by IAAIF and AIWMI. Rahul holds an MBA from IIM Lucknow and is a qualified Chartered Accountant (CA). Beyond work, Rahul indulges in cycling, squash and community service.
IMPACT
SOCIAL
FUND 1
Name of AIF: Healthquad Fund
Name of Scheme: Healthquad Fund I
Category: Category I – Venture Capital Fund
Registration no.: IN/AIF1/16-17/0216
Fund Manager Name: Healthquad Advisors Private Limited
FUND 2
Name of AIF: Healthquad Trust II
Name of Scheme: Healthquad Fund II
Category: Category II – Alternative Investment Fund
Registration no.: IN/AIF2/19-20/0684
Fund Manager Name: Healthquad Capital Advisors Private Limited
FUND 3
Name of AIF: Healthquad Trust III
Name of Scheme: Healthquad Fund III
Category: Category II AIF
Registration number: IN/AIF2/23-24/1445
Fund manager: Healthquad Advisors Private Limited
© 2026 HealthQuad
IMPACT
SOCIAL
FUND 1
Name of AIF: Healthquad Fund
Name of Scheme: Healthquad Fund I
Category: Category I – Venture Capital Fund
Registration no.: IN/AIF1/16-17/0216
Fund Manager Name: Healthquad Advisors Private Limited
FUND 2
Name of AIF: Healthquad Trust II
Name of Scheme: Healthquad Fund II
Category: Category II – Alternative Investment Fund
Registration no.: IN/AIF2/19-20/0684
Fund Manager Name: Healthquad Capital Advisors Private Limited
FUND 3
Name of AIF: Healthquad Trust III
Name of Scheme: Healthquad Fund III
Category: Category II AIF
Registration number: IN/AIF2/23-24/1445
Fund manager: Healthquad Advisors Private Limited
© 2026 HealthQuad