Tricog Health, a healthtech startup based in Bengaluru, has raised $8.5 million in a Series B2 funding round led by Omron Healthcare and Sony Innovation Fund. The company plans to use the funds to expand its geographical presence in Asia and Africa. Tricog Health uses technology to diagnose heart problems accurately, including offering portable ECG devices to end-users. The company’s TriCare platform also enables remote management of heart disease using medical data from connected devices at home and wearable devices like the Apple Watch. Tricog claims to have deployed its platform in over 5,000 catheterization labs, hospitals, clinics, and diagnostic centers and to have screened 12 million patients and detected half a million serious heart patients so far.
The Indian healthtech sector has witnessed a rapid rise throughout 2020 and 2021, with Indian healthtech startups raising more than $6 billion between 2014 and Q1 2023.India’s healthtech segment has witnessed a rapid rise throughout 2020 and 2021, at the peak of the COVID-19 pandemic. According to Inc42 data, Indian healthtech startups have raised more than $6 Bn between 2014 and Q1 2023. Tricog Health, a healthtech startup based in Bengaluru, claims to have screened 12 million patients and detected half a million serious heart patients so far. The company operates in a segment with competitors such as Monitra Healthcare, Jeevtronics, Vieroots, and Sanket. India’s healthtech sector has seen a significant increase in funding, with startups raising over $6 billion between 2014 and Q1 2023, according to Inc42 data. Since the start of 2020, Indian healthtech startups have raised $3.89 billion in funding, indicating a surge in investment during the COVID-19 pandemic.