W Health Ventures, a health-focused venture capital firm, has strengthened its leadership team with the addition of four seasoned industry leaders.
Ashish Singh, Dr. Prakash Patel, and Ajay Sondhi join as Operating Partners, while Mahadevan “Mahad” Narayanamoni comes on board as an Investment Committee member and advisor.
W Health Ventures is currently raising a $70 million Fund II to double down on its model of building healthcare companies from scratch in India, serving both domestic and global markets. The new leaders will support company creation through research and validation, and play active roles as board members and co-builders in launching and scaling new ventures.
Ashish Singh, former Global Head of Bain & Company’s healthcare practice, brings over 35 years of strategic leadership experience and a strong track record of mentoring VC- and PE-backed healthcare ventures across the US-India corridor. An HBS alumnus, he has previously served 2 terms on Bain’s Global Board and the Board of Lyndra Therapeutics, a clinical-stage biopharma company. Ashish currently sits on the boards of Brillio, a Bain Capital-backed digital engineering services firm, Careforce, an asset-light MSO incubated by W Health Ventures, and several other VC-backed digital health companies.
Mahad Narayanamoni brings over 25 years of experience at the intersection of private equity and healthcare operations. He is a Senior Advisor to TPG Growth and co-founder of Aknamed, a pharma supply chain platform later acquired by PharmEasy. Mahad serves on the boards of CARE Hospitals, a leading multispecialty hospital network and Schott Poonawalla, a pharma packaging solutions company.
Dr. Prakash Patel has over 25 years of C-suite experience across payers, providers, and digital health in the US. At Anthem, he launched, scaled, and set the foundation for the Diversified Business Group to grow nearly five-fold in four years. He previously served as COO at GuideWell, a $16B diversified health solutions company, and is now a Senior Advisor to McKinsey & Company. He also advises Reveal HealthTech, W Health’s AI transformation services company.
Ajay Sondhi brings over four decades of global investment banking and governance experience, as well as experience in health sciences. During his career, Ajay has held senior leadership roles with Goldman Sachs, Citibank, UBS, and Kotak Mahindra in Singapore and India. Ajay serves on the boards of Maxx Orthopedics Inc., Maxx Medical, and Noora Health. Ajay is an alumnus of the Harvard Advanced Leadership Initiative and was a Senior Fellow at the Harvard Global Health Institute.
Pankaj Jethwani, Managing Partner at W Health Ventures, said, “W Health Ventures was founded to systematically build category-defining healthcare companies. We’re thrilled to have Ajay, Ashish, Mahad, and Dr. Prakash join us in that mission. Their deep experience strengthens our industry insight, broadens our network, and enhances our operating and boardroom capabilities. Together, they’ll help us validate stronger ideas, support founders more effectively, and scale impactful ventures across India and the US.”
