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Somerset Indus Capital Partners Secures USD 15 Million Commitment from Proparco for Healthcare-Focused Fund III

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Somerset Indus Capital Partners (“Somerset Indus”), a leading healthcare-focused private equity firm, is pleased to announce that Proparco, the private-sector financing arm of the Agence Française de Développement (AFD) Group, has committed USD 15 million to Somerset Indus Fund III. This partnership underscores Proparco’s confidence in Somerset Indus’s mission to scale affordable, high-quality healthcare across India’s underserved markets while achieving measurable social impact and strong financial performance.

Expanding Access to Affordable, Quality Healthcare

Fund III invests in growth-stage healthcare businesses that bridge accessibility, affordability, and quality gaps for India’s “missing middle.” The Fund targets companies across hospitals, diagnostics, pharmaceuticals, medical devices, and digital health, emphasizing Tier II and Tier III cities where access remains limited.
Somerset Indus’s track record includes 15 portfolio companies, of which eight remain active, collectively supporting 40 hospitals with 4,500 beds, 4,600 healthcare professionals, and 5,000 diagnostic facilities. Through these investments, Somerset has improved access to healthcare for millions of patients and created sustainable employment opportunities across India’s emerging healthcare ecosystem.

 

 

A Shared Commitment to Impact and Sustainability 

 

We are delighted to welcome Proparco as a cornerstone investor in our third fund. This partnership reflects a strong alignment of purpose — to build sustainable, accessible, and high-quality healthcare businesses that improve lives across India’s underserved communities. Proparco’s global experience and commitment to responsible investing will meaningfully strengthen our ability to scale impact-driven healthcare enterprises while continuing to deliver strong financial outcomes for our investors.

Avinash Kenkare

  • Founder & Partner at Somerset Indus Capital Partners

France and India share a long-standing partnership grounded in innovation and sustainable development. Proparco’s investment in Somerset Indus Fund III strengthens this dynamic by supporting the growth of impactful healthcare companies across India. This collaboration will help deliver accessible, high-quality healthcare while creating economic opportunities in underserved regions, a goal we proudly champion. In 2026, the India-France Year of Innovation will serve as a catalyst for cooperation in the field of healthcare across the public and private sectors.

Thierry Mathou

  • French Ambassador of France in India

Somerset Indus’s proven sector expertise and disciplined focus on inclusive healthcare make them a strong partner for Proparco. This collaboration reflects our shared ambition to mobilize private-sector solutions that strengthen healthcare access and support sustainable development. Somerset Indus’s deep sector expertise and disciplined focus on inclusive healthcare align closely with Proparco’s mission to finance private-sector solutions for sustainable development. We are proud to partner with Somerset Indus in expanding access to essential healthcare services for communities that need them most.

Diane Jegam

  • Regional Director South Asia

Advancing the SDGs through Healthcare Investments

The Somerset Indus–Proparco partnership contributes directly to the United Nations Sustainable Development Goals (SDG 3 – Good Health and Well-Being, and SDG 8 – Decent Work and Economic Growth).
Across its three funds, Somerset Indus tracks quantifiable impact outcomes through its proprietary Impact Measurement and Management Framework, delivering measurable results such as:

  • 105 million lives impacted (direct and indirect)
  • 22,000 Disability-Adjusted Life Years (DALYs) averted for cardiac patients
  • 47 percent women beneficiaries across hospitals and diagnostics
  • 82 percent of patients served from Tier II and III cities
  • 705 kW of rooftop solar capacity installed across facilities
  • 10,000 jobs created with 54 percent female participation


These metrics highlight Somerset Indus’s systemic approach to integrating climate-health resilience, gender equity, and responsible growth throughout its portfolio.
 

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