Zoho invests $5-M in medical devices startup Voxelgrids for 25% stake

Chennai-based software-as-a-service (SaaS) giant Zoho Corporation has invested USD 5 million (about INR 35 crore) in Bengaluru-based medical devices company Voxelgrids, which makes magnetic resonance imaging (MRI) scanners. The investment will be made in two tranches over the next two years at the end of which Zoho would own an around 25% stake in Voxelgrids. Voxelgrids was founded in March 2017 by Arjun Arunachalam.