Bengaluru-based health diagnostics startup Acculi Labs has raised an undisclosed amount in angel funding from undisclosed investors including Bengaluru-based Startup Basket.
The company will utilise the funds to secure intellectual property rights and other certifications before their products are commercialised, an official statement issued by Acculi Labs said.
The company is also in talks to secure more funding to conduct a population study and commercialisation of its product offerings, the statement added. Acculi Labs is the developer of smartphone-based health diagnostics application Lyfas.
“Lots of tools and technologies are available for free that enables a good coder to easily do a proof of concept of an idea and quickly go to market. What is hard however is to develop a clinical-grade product that achieves a gold-standard accuracy,” Rupam Das, founder and CEO, Acculi Labs, said in the statement. The company’s leadership team also includes Hari Prasath M, CBO, and Parimal Swamy, CMO.
Startup Basket, according to its website, provides startups with services such as valuation, brand positioning and go-to-market strategies. The venture, its website adds, has been developed by Bengaluru based Integrated Ideas which also lists Das as founder.
Recent developments in the healthtech sector:
In August, Bengaluru-based Terrals Technologies, which operates healthcare services platform Phable, raised $150,000 from American venture capital firm SOSV.
Ananth Narayanan, former chief executive officer of ecommerce platform Myntra-Jabong, was appointed as co-founder and chief executive officer of healthtech startup Medlife.
In May, healthcare diagnostic services provider Healthians acqui-hired logistics support platform Healthy Labs.