Sunfox Technologies, a health-tech startup known for its groundbreaking innovations, has successfully raised Rs 15 crore in a pre-Series A funding round. The investment round was spearheaded by Venture Catalysts, with contributions from Finvolve through the IA Growth Opportunities Fund I and Brew Opportunities Fund. Other notable investors include Universal Group and RP Singhvi Group.
This fresh capital injection follows an earlier Rs 5 crore investment from USAID through SAMRIDH Health and LetsVenture. Sunfox, which gained widespread recognition after being featured on Shark Tank India, plans to utilize the new funds to expand both domestically and internationally, with a focus on scaling its flagship product, Spandan.
Sunfox Technologies, co-founded in 2016 by a team including Rajat Jain, Arpit Jain, Saurabh Badola, Nitin Chandola, and Sabit Rawat, has carved a niche in the health-tech sector with its innovative approach to medical technology. Operating as an R&D lab, the company is dedicated to creating state-of-the-art healthcare solutions tailored for the digital age.
Their standout product, Spandan, is a portable ECG device that connects to a smartphone and delivers precise 12-lead ECG readings. This device enables users to monitor their heart health in real-time and detect potential heart attacks, offering a life-saving tool for cardiac care. Since its inception, Spandan has been adopted by over 30,000 users across 20 countries and has reportedly saved more than 10,000 lives by facilitating early detection of heart conditions.
Sunfox’s efforts are particularly significant as India faces a rising wave of heart attacks in the aftermath of the COVID-19 pandemic. The company’s commitment to advancing healthcare technology has also earned it recognition from prestigious global institutions like Oxford and Wharton.
With an advanced R&D and manufacturing facility in Dehradun, Sunfox Technologies is poised to continue its mission of transforming cardiac care through innovation. The recent funding will not only bolster their expansion plans but also enable the company to further refine their technology and broaden their impact on a global scale.
