Dozee, a health-tech startup that provides remote monitoring solutions, has raised Rs 71.3 crore ($10 million) in a new round led by Gokul Rajaram.
In July of last year, the company raised $6 million in a Series A round led by existing investor Prime Venture Partners.
According to its regulatory filing with RoC, Dozee has approved the allotment of 9,599 Series A1 preference shares and one equity share at an issue price of Rs 74,220 per share to raise Rs 71.3 crore in what appears to be an extended Series A round.
Rajaram, a new investor, led the tranche, investing Rs 44.2 crore ($6 million), followed by Prime Venture, an existing investor, who contributed around 12.4 crore. YourNest and 3one4 Capital both put in Rs 7.7 crore and Rs 6.4 crore, respectively. The remainder has been contributed by the 2018 Jain Living Revocable Trust and Indigo Circle Advisors.
Dozee, founded six years ago by Mudit Dandwate and Gaurav Parchani, provides remote health monitoring solutions and devices that track heart health, respiration, sleep quality, and stress levels. Its health intelligence module detects early signs of health deterioration using data-driven risk analysis.
Since its inception, the Bengaluru-based company claims to have over 250 hospitals using its solutions and to have monitored over 45,000 patients. Dozee announced in July that it would assist 1,000 hospitals across India in upgrading critical care infrastructure through remote patient monitoring.
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