Mudit Dandwate, gaurav parchani, dozee founders, Dozee, dozee funding, healthtech startups

Mumbai: Dozee, a healthtech startup offering contactless remote patient monitoring (RPM) solutions, has raised Rs 44 crore in a Series A funding round led by existing investor Prime Venture Partners, with participation of YourNest Venture Capital and 3one4 Capital.

The startup will use the capital to ramp up its R&D and launch new products, among other things. The six-year-old startup has raised a total of Rs 63 crore from investors till date.

Founded in 2015 by Mudit Dandwate and Gaurav Parchani, Dozee helps track heart health, respiration, sleep quality and stress levels. Dozee’s AI-based module ‘Advanced Health Intelligence’, detects early signs of health deterioration by continuously assessing user’s vitals data and conducting a risk analysis.

It currently offers its RPM solutions to more than 216 hospitals across India and has seen an uptick in business in the last six months. It has deployed its platform in over 5,000 beds in hospitals to monitor patients continuously.

“We plan to partner over 1000 hospitals across India in the next 12 months,” Dandwate said.

The company plans to install its platform in more than 50,000 step-down intensive care units (ICUs) and set up 24×7 central monitoring cells in these hospitals, enabling them to quickly augment the critical high dependency units and ICUs.

The Covid-19 pandemic has brought to the fore both challenges and opportunities in the healthcare sector. According to experts and doctors, India will need an extra 500,000 ICU beds, 200,000 nurses and 150,000 doctors in the next one year alone.

“The Indian healthcare sector has seen a rapid transformation in the last year with hospitals, healthcare workers and patients embracing technology to access better care,” said Sanjay Swamy, managing partner at Prime Venture Partners. “We see a huge potential for Dozee in bringing about a shift in the healthcare sector by enabling hospitals to provide affordable critical care infrastructure and upgrade rapidly without huge capital investments.”

“Cloud and intelligence-enabled technology will fundamentally transform healthcare delivery in India. The Dozee team has developed ground-up innovation to make hospital-grade vitals monitoring contactless and affordable, radically reimagining the matrix of care delivery across segments,” said Pranav Pai, managing partner at 3one4 Capital.


Japan travel news, japan travel guides, japan holiday destinations and japan reviews

LATEST NEWS

NEWS RELATED

Delivery startup Gopuff valued at $15 billion after latest fundraising

U.S. delivery startup Gopuff said on Friday it raised $1 billion in a funding round that included Guggenheim Investments, Hedosophia and SoftBank Vision Fund 1, valuing the company at around $15 billion. The new valuation represents a near 69% jump from $8.9 billion that the company was valued at, after…

Read more: Delivery startup Gopuff valued at $15 billion after latest fundraising

Chai Waale bags Rs 5 crore from angel investors

Chai Waale, a beverage brand in the quick service restaurants (QSR) space on Friday announced that it has secured financing worth Rs 5 crore from marquee angel investors. The round saw participation from existing and new investors. The company said that the funding will promote physical and strategic expansion of…

Read more: Chai Waale bags Rs 5 crore from angel investors

ETtech Deals Digest: Gupshup, Droom raise funds this week

Conversational messaging startup Gupshup and social media platform Sharechat were among the startups that raised funds this week. Gupshup funding Gupshup has raised $240 million from Tiger Global and Fidelity in a secondary transaction ahead of a potential initial public offering (IPO) in the US next year. More than 100…

Read more: ETtech Deals Digest: Gupshup, Droom raise funds this week

SP Robotic Works raises $3 million in funding led by Mount Judi India Growth Fund

AI-based edtech startup, SP Robotic Works announced today that it has raised $3 million in Series A funding led by Mount Judi India Growth Fund. The round saw participation from BCCL* and existing investors including Indian Angel Network, Ajai Chowdhry (founder, HCL), and Raman Roy (chairman and managing director, Quatrro)…

Read more: SP Robotic Works raises $3 million in funding led by Mount Judi India Growth Fund

Telefónica Tech acquires Cancom UK&I in £340M deal

Telefónica Tech is a Spanish company that intends to bring about a digital transformation. The company offers a wide range of services and integrated Technological solutions in Cybersecurity, Cloud, IoT, Big Data and Blockchain. Acquisition of Cancom UK&I Now, Telefónica Tech appears to be focused on continuing its organic and…

Read more: Telefónica Tech acquires Cancom UK&I in £340M deal

UK proptech essensys grabs £33.2M to accelerate global expansion

AIM-listed proptech essensys, the aims to integrate software and technology to the flexible workspace industry has recently announced to have raised £33.2 million in profits through a primary share placing.  With the latest funds, the London-based proptech aims to continue its global expansion through an accelerated go-to-market strategy and product development,…

Read more: UK proptech essensys grabs £33.2M to accelerate global expansion

Northern robotics consortium gets £22.6M investment from Government’s £127M Strength in Places Fund

A consortium based in West Yorkshire and Greater Manchester has been granted £22.6 million from the £127 million Strength in Places Fund of the Government.  Notably, this consortium is one of the five projects that will be backed by the research and development fund. Each of these projects have been…

Read more: Northern robotics consortium gets £22.6M investment from Government’s £127M Strength in Places Fund

UK startup SleepCogni’s device that heals insomnia bags nearly £500K funding

Many people experience sleep challenges all over the world. Termed insomnia, the condition is estimated to have affected one in three people across the world. Besides medication, there are some offerings that focus on limiting sleep and help them sleep better. One such offering is an innovative, data-supported handheld device…

Read more: UK startup SleepCogni’s device that heals insomnia bags nearly £500K funding

Elon Musk's Neuralink raises over $200 million from Google Ventures, others

GEF Capital's fund leads 3SC's $15 million funding

This startup offering one-stop solution for your storage problems is coming to the UK with €52M funding

Sachin Tendulkar invests $2 million in JetSynthesys

Scottish National Investment Bank invests £2M to improve EV charging network in Scotland

Vauld raises $25 million in funding led by Peter Thiel's Valar Ventures

Fabric Ventures launches $130M fund to invest in digital assets and decentralisation

Energy smart households: Startup helping consumers save electricity bags £1.6M for UK expansion

OTHER NEWS