Bengaluru-based health-tech startup Dozee, backed by Prime Enterprise Companions and 3one4 Capital, has raised Rs 71.5 crore (roughly $8.3 million) by a mixture of fairness and debt.
In accordance with the startup’s MCA filings, Temasek Belief’s impact-first funding automobile C3H invested Rs 6.3 crore in fairness, whereas Stockhausen Worldwide Pte Ltd offered Rs 58.5 crore as debt. The remaining funds got here from undisclosed strategic buyers.
The contemporary capital will speed up Dozee’s world enlargement and improve its R&D efforts to enhance crucial affected person care monitoring, an organization spokesperson confirmed.
Based in 2015 by Mudit Dandwate and Gaurav Parchani, Dozee focuses on contactless affected person monitoring techniques, enabling hospitals to remotely observe very important indicators comparable to coronary heart price, respiration price, blood stress, and temperature. The corporate additionally presents an early warning system that alerts docs to potential well being deterioration in sufferers.
Dozee competes with Zyla Well being, Repair Well being, Zivov, and Cardiac Design Labs within the Indian health-tech area.
The startup final raised $6 million in a Collection A2 spherical in 2023 from 3one4 Capital, Prime Enterprise Companions, YourNest VC, and the State Financial institution of India, amongst others. With this newest spherical, Dozee’s complete funding now nears $20 million.
Going through progress challenges in India, Dozee has expanded to the US, UAE, and Africa and is actively exploring new worldwide markets whereas broadening its product portfolio.
The corporate can be hiring throughout a number of departments, together with knowledge science, product, and advertising, because it goals to attain profitability in India. Nevertheless, final 12 months, Dozee laid off round 40 staff to scale back losses.
