The startup will use the fresh capital in R&D to launch new products and enhance its platform capabilities
Health-tech start-up Dozee which deals in contactless Remote Patient Monitoring (RPM) solutions has raised INR 44 crore in Series A funding. The funding was led by existing investor Prime Venture Partners, with participation from YourNest Venture Capital and 3one4 Capital.
The startup will use the fresh capital in R&D to launch new products and enhance its platform capabilities. It will also use the funds to increase its presence in HDU ward monitoring, home monitoring, and to deliver a cloud-enabled continuum of care.
Dozee, the brainchild of IIT graduates Mudit Dandwate and Gaurav Parchani has been developed after five years of deep research conducted in partnership with hospitals like NIMHANS, Sri Jayadeva Institute and AIIMS Jodhpur.
Mudit Dandwate, CEO & Co-founder, Dozee said, “As we continue our exciting journey to make Dozee the standard of critical care, this funding is a testament to our commitment to improve health care infrastructure in India. During the peak of the pandemic, we worked with top institutions in the country, both in public and private settings, to automate critical care delivery in high dependency units, saving over 70,000 nursing hours and more than 1,000 lives. We believe that the future of India’s healthcare lies in technologies such as Remote Patient Monitoring and AI which can ease the burden of hospitals and healthcare workers in delivering care that is timely, accessible and affordable.”
Sanjay Swamy, Managing Partner, Prime Venture Partners said, “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. Dozee is not only transforming the lives of doctors, nurses & patients but it has brought about massive changes in the critical care infrastructure in public hospitals. Through the past year, Dozee has been proven to save hundreds of lives and the data science team is able to launch new capabilities at breathtaking speed. Mudit and Gaurav are amazing founders and are building a truly world class team swiftly. We are delighted to partner with 3one4 and Yournest to continue to help take this company to the next stage. 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.”
Dozee has set an goal of partnering over 1,000 hospitals across India to help them upgrade critical care infrastructure through remote patient monitoring. It plans to install its platform in more than 50,000 step-down ICU sand set-up 24×7 Central Monitoring Cells in these hospitals, enabling them to quickly augment the critical HDUs and ICUs and save more than 1 million nursing hours per month.