The latest VMM explored a question central to the current investment environment – what makes a healthcare company truly investable in emerging markets?  

Lily Chhatwal opened the session discussing the three forces shaping the current landscape: the structural shift of care beyond the hospital, AI's growing role in extending specialist expertise into resource-constrained settings, and continued growth in private capital flows into the sector. 

The heart of the session then featured three investor-investee pairs, each walking the audience through what drew them together, what the investor underwrote, and what the path to scale looks like.

Speakers include:

• Eugene Huang, abcIMPACT & Karen Chu, HiRO - Harvest Integrated Research Organization

• Curt Laird, reFrontier Group & Faith Okwisa Okwayo, Afyanalytics

• Rahul Agarwal, HealthQuad & Hari Subramaniam, Lifesigns

Moderator: Lily Chhatwal, Dalberg

This VMM discussed innovative approaches at three levels of the investment journey — fund, transaction, and investee​ — and centered on the partnerships and the role of non-commercial capital.​

Speakers included:

• Aseem Garg, CEO & Founder, DCDC Kidney Care

• May Lo, Healthcare Lead, ABC Impact

• Noorin Mawani, Co-Head, Transform Health Fund

• Rahul Agarwal, Partner, HealthQuad

Moderated by Kusi Hornberger, Partner, Dalberg Advisors

This VMM discussed discussed changing dynamics and highlighted emerging opportunities for I4H members to explore, including investing in early stage health-tech, designing business models that deliver both impact and financial viability across diverse markets, and the roles that different types of capital and partnerships play in enabling innovation in healthcare.

Speaker included:

• Monique Mrazek, Senior HealthTech Specialist, IFC (Funder)

• 'Dunni Lawal, Associate Director of Partnerships, Investing in Innovation (i3) (Funder)

• Guillermo Pepe, Founder & CEO of Mamotest (Entrepreneur) 

• Prashant Warier, Co-Founder & CEO of Qure.ai (Entrepreneur)

Moderated by Bianca Samson, Associate Partner at Dalberg Advisors 

These offer massive opportunities, but, all too often, very high valuations. The panel will explore values and where they are heading. What is the greenfield alternative? What role will the for-profit sector have in delivering care in the future?

Speakers include:

Dr Amit Varma, Managing Partner, Quadria Capital Investment Management

Dr Biju Mohandas, Partner, LeapFrog

Jide Olanrewaju, Partner, TPG Growth

Lara Rabiu, Investment Director, Oppenheimer Partners

Moderated by Zeynep Kantur Ozenci, Global Manager for Health and Education, IFC