Dozee Secure 44 Cr in Series A Funding led by Prime Venutre Partners

Healthtech  startup  Dozee, a provider of contactless remote patient monitoring solutions, has raised 44 crore in a series A round of funding led by its existing investor Prime Venture Partners, with participation from YourNest Venture Capital and 3one4 Capital. With this funding, the startup has secured more than 63 crore in total and states that its valuation has escalated almost five times since the previous round in September 2020.

 The startup plans to double down on its R&D efforts and spread its presence in hospital ward monitoring and home monitoring with this capital. As a full stack IP-led company, the company says it also wants to ramp up its tech and engineering team. With healthcare infrastructure in the spotlight post Covid, Dozee has set a target of partnering over 1,000 hospitals across India.

Mudit Dandwate, CEO & co-founder, Dozee states, “During the peak of the pandemic, we worked with top institutions in the country, to automate critical care delivery in high dependency units, saving over 70,000 nursing hours and more than 1,000 lives.”

Commenting on the investment, Dr Vivek Mansingh, General Partner, YourNest states, “Apart from its growing adoption in hospitals across India, we believe that there is a real need to bring Dozee’s proprietary sensing technology and advanced AI algorithms to individuals and their family members at home. With the current debilitating medical infrastructure, Dozee has immense potential to deliver timely large-scale impact in healthcare delivery in India, and actually save human lives.”

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