Healthtech Startup Dozee Raises $8 Mn Funding To Boost Global Expansion

Healthtech startup Dozee has raised Rs 71.5 Cr (about $8.3 million) in a mix of equity and debt funding round.

According to the startup's MCA filings, Temasek Trust’s impact-first investment fund, C3H, invested Rs 6.3 Cr as equity in Dozee and Stockhausen International Pte Ltd contributed Rs 58.5 Cr as debt.

The rest of the funding came from undisclosed strategic investors.

The new capital will help the startup speed up its global expansion and boost R&D efforts to improve critical patient care monitoring.

Read also- Nexthop AI Bags $110 Mn Funding Led By Lightspeed Venture Partners

In 2023, Dozee raised $6 million in a Series A2 round from 3one4 Capital, Prime Venture Partners, YourNest VC and the State Bank of India, among others. With this new funding, Dozee's total funding is close to $20 million.

About Dozee 

Founded in 2015 by Mudit Dandwate and Gaurav Parchani, Dozee offers contactless patient monitoring systems that let hospital staff remotely track vital signs like heart rate, respiration rate, blood pressure and temperature. 

It also provides an early warning system that alerts doctors if a patient's health worsens.

Facing growth challenges in India, Dozee has expanded to the US, UAE, and Africa and is exploring more international markets while expanding its product range.

The company is also hiring in various departments, including data science, product and marketing, as it works toward profitability in India. However, last year, Dozee laid off around 40 employees to cut losses.

Startup Funding News: Your Gateway to Every Funding Update.

Latest Startup News: Stay updated with the latest startup news and trends. Your go-to source for startup ecosystem updates.

Startup Stories: Discover inspiring tales of startups overcoming challenges and achieving success.