Healthtech Startup Dozee raises INR 71.3 crore in a funding round led by Gokul Rajaram
- ByTejika Bajaj | January 17, 2022
Healthtech startup Dozee has recently announced that it has raised a sum of INR 71.3 crore (approximately $10 million) in a funding round led by Gokul Rajaram. This announcement comes just months after the startup had raised $6 million as a part of its Series A round of funding from Prime Ventures.
The round also saw participation from existing investors Prime Ventures, YourNest, 3one4 Capital, Jain Living Revocable Trust and Indigo Circle Advisors. As per regulatory filings, this round of funding seems to be an extension of the Series A round.
The startup intends to utilize the freshly infused capital to establish a client base of at least 1000 hospitals across the country and to diversify its product offerings. Till date the startup has raised an aggregate sum of $18 million. The post money valuation of the startup after the infusion of fresh funds stands at $90 million.
The healthtech startup has approved the allotment of 9,599 Series A1 preference shares and one equity share at an issue price of INR 74,220 per share to raise an aggregate amount of INR 71.3 crore. While the round leader Rajaram has invested INR 44.2 crore, Prime Venture has pumped INR 12.4 crore in the startup through this round. YourNest and 3one4 Capital have invested Rs 7.7 crore and Rs 6.4 crore respectively.
Incepted by Mudit Dandwate and Gaurav Parchani, Dozee is a healthtech startup which provides remote health monitoring solutions and devices which in turn track heart health, sleep quality as well as stress levels of a consumer using its health intelligence technology. Furthermore, the platform also leverages various tools to establish a connection between the trends and detect early signs of deterioration.
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