The Bengaluru-based startup will be utilising the funds to increase its workforce by expanding in-house sales and marketing teams
Yostra Labs, a medtech startup has raised Rs 4 crore in its seed funding round led by Indian Angel Network (IAN) and was joined by co-investors Impact Innovators and Entrepreneurs Foundation (Villgro Innovations Foundation) and Centre for Cellular and Molecular Platforms.
The startup aims to utilise the infused capital for increasing its workforce by expanding in-house sales and marketing teams. The funding will also be directed towards expanding the market reach of the company, the commercialisation of the product portfolio, optimising the bill of material, and scaling up the production.
It also wants to bring a change with devices that help in the management of major chronic diseases. It is currently addressing “Diabetic Foot”. Yostra’s devices have screened over 40,000 patients across clinics, private and government hospitals and diagnostics centres in India.