Bharat – August 2024 – Sunfox Applied sciences, the fitness tech startup known for its look on Shark Tank Bharat, has raised an backup ₹15 crore in a pre-series investment spherical. The spherical was once led by way of current investor Mission Catalyst, along fresh buyers comparable to Finvolve during the IA Expansion Alternatives Capitaltreasury I and Brew Alternatives Capitaltreasury, in addition to Common Workforce, KP Singhvi Workforce, and a number of other high-net-worth folks (HNIs). This investment builds on a prior ₹5 crore funding from USAID via SAMRIDH Fitness and LetsVenture, bringing the entire raised on this spherical to ₹20 crore.
With this fresh capital, Sunfox is ready for speedy growth in Bharat and globally, that specialize in scaling its flagship innovation, Spandan. Spandan is a smartphone-based transportable ECG software that gives clinically correct 12-lead ECG readings, empowering customers to hit upon middle assaults and track cardiac fitness in actual past. Old by way of over 30,000 folks throughout 20 international locations, Spandan has already stored greater than 10,000 lives via early detection of middle situations. This era is proving important as Bharat confronts a surge in middle assaults post-COVID-19.
“This capital injection will enable us to scale rapidly, both in India and internationally,” mentioned CEO Rajat Jain. “It will fuel our growth and bring Spandan into homes and clinics worldwide. We envision a future where heart attacks are as preventable as fevers, with Spandan becoming as ubiquitous as a household thermometer.”
Sunfox, working from Dehradun, a Tier 2 town, is defying the norm that high-impact fitness tech inventions emerge most effective from metro towns. The corporate has established a complicated in-house R&D and production facility within the hilly atmosphere, shooting international consideration from prestigious establishments comparable to Oxford and Wharton. Sunfox first received prevalent reputation when all 5 sharks—Namita Thapar, Peyush Bansal, Anupam Mittal, Vineeta Singh, and Ghazal Alagh—invested all over its Shark Tank Bharat debut.
“Sunfox represents the future of cardiac care,” mentioned Dr. Apoorva Ranjan, co-founder of Mission Catalyst. “We are proud partners in their journey and excited to see them reach new heights with Spandan. Their mission to make heart health accessible globally is truly inspiring, and we believe they are poised to reshape the healthcare landscape.”
Based in 2016 by way of Rajat Jain, Arpit Jain, Saurabh Badola, Nitin Chandola, and Sabit Rawat, Sunfox Applied sciences is swiftly converting the cardiac diagnostics field with Spandan’s portability, affordability, and sleep of importance. This funding will support additional the corporate’s venture to democratize middle fitness and safeguard that important offer is on the market anytime, anyplace. https://sunfox.in
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