VC Fund Investments
Cardiac health player Monitra raises $500-K led by Lavni Ventures, 91Ventures
Hyderabad-based remote cardiac monitoring diagnostic platform Monitra Healthcare has raised USD 500,000 in equity funding led by impact investor Lavni Ventures and Pranay Gupta's 91Ventures syndicate fund. The round also saw participation from AWE Funds, ACG World (a multinational pharmaceutical company), and angel investors such as Lakshmi Narayanan (former Vice Chair of Cognizant), Kishore Ganji (Astir Ventures, USA-based micro VC) and Arvind Ramamurthy (Partner, PwC India). The transaction also saw participation of existing investor, Indian Angel Network (IAN). The investment will be used by Monitra to enter international geographies, expanding distribution channels across East India and start monitoring every biomarker which transfers to the human skin (brain strokes, oxygen saturation, blood pressure and respiratory rate)
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