Bengaluru-based healthtech startup Dozee has raised ₹71.5 crore ($8.3 million) in a combination of equity and debt, according to sources. The funding round includes ₹6.3 crore in equity from Temasek Trust’s C3H, ₹58.5 crore in debt from Stockhausen International Pte Ltd, and investments from undisclosed strategic partners.
The fresh capital will fuel Dozee’s global expansion and research & development efforts in advanced patient monitoring technologies. Founded in 2015 by Mudit Dandwate and Gaurav Parchani, the startup specializes in contactless patient monitoring systems, enabling remote tracking of vital signs and an early warning system to detect clinical deterioration.
Having raised nearly $20 million to date, Dozee last secured $6 million in a Series A2 round in 2023. Despite challenges in the Indian market, the company has expanded to the US, UAE, and Africa, with plans to enter new regions. It is also actively hiring for data science, product development, and marketing roles as it moves towards profitability.
On the financial front, Dozee cut its net loss by 19% to ₹68 crore in FY24, while revenue from operations surged 148% to ₹5.2 crore. Total revenue reached ₹6.5 crore, with expenses reduced by 15% to ₹74.5 crore.
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