Pune-based Vidcare Technologies, a pioneer in point-of-care and consumer diagnostic testing, has raised $300,000 in a pre-Seed funding round led by Social Alpha, with participation from Lavni Ventures and Derbi Foundation.
Founded in 2017 by Rohan Aggarwal, Karan Aggarwal, and Saurabh Kumar Srivastava, The startup has developed the revolutionary, patented Mu-sure technology – a lab-on-a-chip platform, an alternative for conventional methods that use laborious operations and bulky devices to make diagnostic testing convenient, accessible, and available to anyone, anywhere, anytime and help with faster results for clinical decisions.
According to the company’s statement, Vidcare will use the raised capital for further product development, clinical testing, real-world effectiveness, and early commercialization. It also aims to reach smaller cities and remote areas via partnership with public health systems, NGOs, and pharma companies.
“This new round of funding will be used to complete product development and commercialisation post regulatory approvals, in addition to working on additional applications on this technology. Our vision is to use the Mu-sure platform to create diagnostic tests to ease access for a wide range of high-quality diagnostics to both urban and rural areas,” said Rohan Aggarwal.
“The first product of Vidcare Technologies focuses on hypothyroidism testing which is a major health ailment and is estimated to affect more than 150 million Indians”, Aggarwal added
Source @Indianstartupnews
