A pre-seed round of funding was raised by Chennai-based health tech firm Blod.in for an undisclosed sum. Tamilpreneur, led by Shyam Siddarth, founder and CEO, and Praveen Krishna, co-founder and CMO, arranged the deal.
The startup has also received funding from Prabhu Rangarajan, co-founder of M2P Fintech, Mohan K, co-founder and CEO of IppoPay, Vijay Pravin (Co-Founder/CEO of bitsCrunch), Ashok Vardharajan (CTO of bitsCrunch), Savitha Ramasamy, senior scientist at the Institute for Infocomm Research at A*Star, Karthick Sivaram, co-founder of Backspace Tech, Mohammed Farouk, vice president at Rela Institute, and Bhopan Krishnan, Founder of Outline Systems, asper reported by IndianWeb2.
According to the founder and social entrepreneur Varun Nair, “The healthcare sector is currently highly unstructured. Blod simplifies and digitises the day-to-day activities of the haematology department of hospitals. Implementing a simple change like Blod makes blood management more efficient and effective.”
With the funds that were raised, Blod intends to grow up their operations and make investments in infrastructure, expansions, and technological stacks.
One of the investors, Vijay Pravin, Co-founder & CEO of bitsCrunch, says, “There are some investments you make from the pocket and some you make from the heart. Blod is one such team that could save many lives by bridging the gap between technology and blood scarcity in a country like India.”
By linking hospitals and blood banks, Chennai-based Blod.in, a health-tech firm, serves the haematology sector. They want to create a centralised system for managing blood.