Dozee, an Indian healthtech platform, has raised $6 million in a Series A2 funding round. The round was led by existing investors Prime Venture Partners, 3one4 Capital and YourNest VC, with participation from State Bank of India, J&A Partners family office and Dinesh Mody Ventures. Dozee plans to use the funds to expand its reach in the Indian healthcare market and globally, as well as to enhance its research and development capabilities. The platform, founded in 2015, offers contactless patient monitoring systems that remotely monitor a patient’s vital parameters such as heart rate, respiration rate, blood pressure and temperature. The Indian healthtech market is expected to be worth $21 billion by 2025.
The sales of most Indian startups have been hit by global macroeconomic pressures and inflation. However, healthcare SaaS platforms have made big gains in terms of funding this year. For example, HealthPlix raised $22 million in funding, and MediBuddy acquired the Indian business of US-based Aetna in February.
HealthPlix, a healthcare SaaS platform, raised $22 million in funding, while MediBuddy, a telemedicine major, acquired the Indian business of US-based Aetna in February. These moves reflect the growth and potential of the Indian healthtech market, despite the challenges posed by the global macroeconomic environment and regulatory uncertainties.