Zandu scion Nihar Parikh sets up a family office for healthcare bets

Nihar Parikh, who sold his family-run business ZCL Chemicals (formerly Zandu Chemicals) to private equity fund Advent last year has launched a healthcare focussed fund 4Point0 Health Ventures which will make early-stage investments in startups.

The family office will deploy about $75 million into the sector, Parikh said in an interview with ET.