Dr. Biju Mohandas of Leapfrog Investments, IFC, and Acumen

Aid, Evolved
Aid, Evolved
Dr. Biju Mohandas of Leapfrog Investments, IFC, and Acumen

Dr. Biju Mohandas has led investments at not just one but three different household names in impact investing: LeapFrog, the International Finance Corporation (IFC), and Acumen. Tune in today to hear about his take on the upcoming global healthcare crisis, the competitive edge of entrepreneurs in Africa and India, and the catalytic role of impact investors. Hear the investment priorities of a man who’s been leading impact investments in healthcare in Africa as long as the term “impact investing” has existed.

Dr. Biju Mohandas is a Partner at LeapFrog and the firm’s Global Co-Leader for Health Investments. Prior to LeapFrog, Dr Mohandas led the IFC’s Healthcare and Education investment team in Sub-Saharan Africa and was the Global Sector Lead for Medical Devices after also serving as head of Acumen in East Africa and as part of their founding team in India.

Conversation Highlights

  • (2m35s) – The coming global healthcare crisis
  • (8m45s) – How Africa and India are poised to leapfrog ahead
  • (12m11s) – Investing in asset-light healthcare 
  • (15m09s) – Goodlife Pharmacy’s re-emergence after the Westgate Attack in Nairobi
  • (18m08s) – How Redcliffe Diagnostics is bringing the lab closer to people in India
  • (21m38s) – Pervasive technology, IoT, and wellness
  • (23m04s) – HealthifyMe, the largest digital wellness app in India
  • (26m13s) – How investors exit from ventures in emerging markets
  • (30m10s) – Rapid fire questions


  • The Emerging Wealth and Health Index is a 2022 publication from LeapFrog Investments which decodes the priorities of billions of emerging consumers in Africa and Asia. Dr. Biju Mohandas synthesizes many of the insights pertaining to healthcare in emerging markets.
  • Reflections on a Decade of Transformation is a 2020 IFC article written by Dr. Mohandas synthesizing trends in the prior 10 years of healthcare in Africa. It’s an insightful read for anyone interested in how healthcare in Africa is rapidly evolving.
  • Goodlife Pharmacy is East Africa’s largest pharmacy chain. This IFC article describes how IFC and its partners, including LeapFrog Investments and Catalyst Principal Partners, helped Goodlife to recover and rebrand after the Westgate shopping mall terrorist attacks.
  • LeapFrog invested in Redcliffe Labs to make diagnostics more accessible and available to lower-income communities across India.
  • LeapFrog invested in HealthifyMe, India’s largest digital wellness application.
  • Dr. Mohandas offers his shoutout to Dr. Devi Shetty of Narayana Health for his leadership in creasing a mission-driven, impact-oriented chain of private hospitals.

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