W Health Ventures has closed its second fund at Rs 700 crore, exceeding its Rs 630 crore target, as the healthcare-focused VC firm looks to invest in 8-10 startups over the next four years.

W Health Ventures raises ₹700 crore for its second fund, aiming to create 8-10 innovative healthcare companies from scratch.

The second fund has so far incubated two companies: cancer-care platform Everhope Oncology, built in partnership with Narayana Health, and Everbright Health, which partners with…