Bengaluru’s Cardiotrack Secures $2 Million in Pre Series A Funding
- ByStartupStory | March 4, 2024
Bengaluru-based Cardiotrack, known for its innovative data-centric healthcare screening technology and services delivered through health and life insurance providers, has successfully raised $2 million in Pre series A funding. The funding round was led by seasoned angel investor Girish Narasimhan. The company had previously garnered an angel investment of $1.6 million from a group of Ultra High Net Worth Individuals (UHNIs).
Founder & CEO of Cardiotrack, Avin Agarwal, expressed enthusiasm about the investment, stating, “We are thrilled to have secured this investment as we continue to innovate and expand our reach in our mission to drive positive change in the healthcare industry. The investment further validates the venture’s direction and the immense value it brings in improving the healthcare experience for both providers and consumers.”
Girish Narasimhan, a seasoned angel investor and Member of the Board at Cardiotrack, commented on the funding, “Avin and the team are deeply committed to their mission to revolutionize healthcare screening. They also have a strong market validation by having many leading life & health insurance providers as their clients. We strongly believe the venture will rightfully cement its place among start-ups that are reshaping the future of healthcare.”
The pre-series A funding was led by Girish Narasimhan, Managing Director & Principal at Corporate Finance Associates Worldwide Inc., along with seasoned professional and co-investor Y S Shashidhar, Advisor at Dubai Holdings LLC (and former Partner & Managing Director at Frost & Sullivan for Middle East, Africa, and South Asia Region) joining in.
Established in 2015, Bengaluru-based Cardiotrack, a brand of Uber Diagnostics Pvt. Ltd., is a prominent provider of healthcare screening technology and services to health and life insurance providers. The company offers state-of-the-art telemedicine kits, data analytics, and unique screening technologies, such as the equivalent of a treadmill test at home.
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