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Med-tech startup Sunfox Technologies raises $7 Mn in Series A round

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Med-tech startup Sunfox Technologies raises $7 Mn in Series A round

Sunfox Technologies, the Dehradun-based medtech company behind the Spandan portable ECG platform, has raised $7 million (approx. Rs 67 crore) in Series A funding round co-led by Ashish Kacholia, Lashit Sanghvi, Alchemy Capital and 3one4 Capital.

The startup had previously secured Rs 15 crore in a pre-Series A funding round led by Venture Catalysts along with participation from Finvolve through the IA Growth Opportunities Fund I and Brew Opportunities Fund, as well as Universal Group, RP Singhvi Group, and others in Aug. 2024. It also secured investment from all five Sharks on the first season of Shark Tank India.

The fresh funds will be utilized for the next phase of growth, including deeper expansion across India, development of  global go-to-market capabilities, rapid organisational scale-up and continued investment in research and development, Sunfox said in a press release.

Co-founded in 2016 by Rajat Jain, Arpit Jain, Saurabh Badola, Nitin Chandola, and Sabit Rawat, Sunfox Technologies is a med-tech and R&D company developing affordable, portable and AI-enabled healthcare solutions, with a focus on improving access to quality diagnostics, particularly cardiac care in resource-limited settings.

Its flagship Spandan series is a portable, medical-grade ECG platform designed for use across hospitals, clinics, telemedicine networks and home-based patient monitoring. Spandan enables ECGs to be recorded closer to the patient and can flag cardiac patterns that may require urgent medical attention, helping address situations where access to timely cardiac assessment may be limited.

Over the past decade, Sunfox has developed a portfolio of Spandan ECG solutions spanning personal, clinical and institutional settings, with applications ranging from at-home ECG recording to clinics, hospitals, public-health programmes and remote-care networks.


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