The Indian Angel Network (IAN) led a $2 million (about INR 16.6 crore) investment round for the medical technology business Noccarc.
Sunil Munjal, the chairman of Hero Enterprises, IIT Kanpur, the Small Industries Development Bank of India (SIDBI), and the Technology Development Board (TDB) participated as well in the fundraising round.
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According to a release, Noccarc will be able to accelerate its expansion by diversifying its product line in part to the funds. The funds will be utilized to establish marketing and distribution systems in key cities.
It is enabling physicians and hospitals to give patients better treatment than ever before with its smart devices and digital platform. Additionally, it provides a digital platform that allows physicians to access information about patients online.
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About Noccarc
Founded in 2017 by Nikhil Kurele, Harshit Rathore, and Tushar Agarwal, Noccarc is a revolutionary medical device company at the forefront of healthcare innovation. Its smart medical devices are just the beginning of its mission to transform the healthcare industry through technology.
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