Private equity firm IndiaVenture Advisors Pvt Ltd is expected to announce its first investment in the next few weeks, Chief Operating Officer Vikram Gupta said on Thursday.

"We have identified few investments in the healthcare delivery and support services. We should be making some announcements in the next few weeks," Gupta told reporters on the sidelines of a conference.

The average deal size could vary between $5-$15 million, he added. The fund has a corpus of $200 million with a focus on the healthcare sector.

IndiaVenture is promoted by the founders of drug maker Piramal Healthcare Ltd, previously known as Nicholas Piramal India Ltd. (Reuters)