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SVASTEK, a medtech startup has raised Rs 2 crore in a seed funding round led by IAN Angel Fund.
The startup plans to use the funds to launch its ALLTIP-enabled NIV mask across India, set up a distributor network to make the product widely available, grow its clinical application team, and raise awareness through medical conferences and targeted outreach programs.
The company plans to expand its product range and reach more locations, with the goal of becoming a global leader in respiratory care by promoting innovation, affordability and accessibility in healthcare.
Read also- Agritech startup Arya.ag Raises $30Mn debt facility from HSBC,GuarantCo
About SVASTEK
Launched in 2022 by Arita Abrol, New Delhi-based SVASTEK is a healthcare startup focused on improving respiratory and critical care with patented solutions designed for use in large hospitals. The company aims to enhance patient care by addressing key gaps in current medical technologies.
SVASTEK’s main product, the ALLTIP Technology-enabled NIV mask, provides a revolutionary solution for continuous non-invasive ventilation while also delivering nutrition at the same time. This helps improve clinical outcomes and reduce the risks of malnutrition in patients who need long-term respiratory support.
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