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Cardiac diagnostics startup Sunfox raises $7 million from stock market investor Ashish Kacholia, others

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Cardiac diagnostics startup Sunfox raises $7 million from stock market investor Ashish Kacholia, others

Dehradun-based medtech startup Sunfox Technologies, which develops portable cardiac diagnostic devices, has raised $7 million (approximately Rs 67 crore) in a Series A funding round led by investors Ashish Kacholia, Lashit Sanghvi, Alchemy Capital and 3one4 Capital.

The startup plans to use the fresh capital to expand across India, strengthen its international regulatory, distribution and commercial capabilities, scale up its team and increase investment in research and development (R&D).

According to Sunfox, this is its largest funding round since it began as a research and development venture in Uttarakhand in 2016.

Sunfox Technologies was founded by Rajat Jain, Arpit Jain, Sabit Rawat, Nitin Chandola and Saurabh Badola after the loss of a college friend prompted them to explore ways to improve access to timely cardiac assessment and reduce delays in care following a heart attack.

What began as a college-led initiative eventually developed into a medtech company focused on improving access to cardiac diagnostic technology, particularly in areas with limited healthcare infrastructure.

The startup's flagship product, Spandan, is a portable electrocardiogram (ECG) platform designed for personal, clinical and institutional use, including homes, clinics, hospitals and public healthcare programmes.

The platform allows users and frontline healthcare workers to record ECGs using portable devices and share the results with doctors remotely for interpretation. This can help identify cardiac patterns that may require urgent medical attention and support decisions on further assessment and treatment.

In public healthcare settings, Spandan can operate through a hub-and-spoke model. Nurses and healthcare workers at primary and community health centres can record ECGs and send them to doctors or cardiologists at district-level hubs for review.


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