Homegrown healthtech startup Sunfox Technologies, which was featured on Shark Tank India, has secured Rs 15 crore in a pre-Series A funding round led by Venture Catalysts.
The funding round also saw participation from Finvolve through the IA Growth Opportunities Fund I and Brew Opportunities Fund, as well as Universal Group, RP Singhvi Group, and others, reports Entrackr.
According to the company, the fresh investment will be used for expansion in India and globally and focus on scaling its flagship innovation Spandan.
Previously, the startup had raised Rs 5 crore in funding from USAID through SAMRIDH Health and LetsVenture.
Sunfox was co-founded in 2016 by Rajat Jain, Arpit Jain, Saurabh Badola, Nitin Chandola, and Sabit Rawat. It is an R&D lab which aims to build cutting-edge healthcare technologies for the digital world.
Spandan, the company’s flagship product, is a smartphone-based portable ECG device that provides clinically accurate 12-lead ECG readings, allowing users to monitor heart health and detect heart attacks in real-time.
The startup claims that Spandan has been used by more than 30,000 individuals across 20 countries and saved over 10,000 lives via early detection of heart conditions. The technology is proving to be critical to India as it faces a spike in heart attacks post COVID-19.