Dozee, Zimyo raise early-stage funds

Dozee, Zimyo raise early-stage funds
L to R: Mudit Dandwate and Gaurav Parchani, co-founders at Dozee
15 Sep, 2020

Turtle Shell Technologies, which operates remote health monitoring startup Dozee, has secured around $1.7 million (Rs 12.5 crore) in equity capital from Prime Venture Partners, Yournest Venture Capital and 3one4 Capital.

Bengaluru based Dozee will use the capital for market outreach, product development and applying for global certifications, according to a statement. 

Founded in 2015 by IIT alumni Mudit Dandwate and Gaurav Parchani, Dozee uses a contactless sensor placed under the mattress to capture real-time vitals of the patient. The sensor measures heart rate, respiration rate, oxygen saturation and other parameters while the early warning system converts these signals to analyse patient health which can be viewed on a smartphone app.

Dozee can be used by hospitals and retail users. The product was developed in partnership with NIMHANS (National Institute of Mental Health and Neuro-Sciences) and Sri Jayadeva Institute in Bengaluru apart from other leading hospitals. It is currently being deployed by 30 healthcare institutions including 20 Covid-19 quarantine centres across eight states, the company said.

HR-tech platform Zimyo raises $1.5 mn in seed round

Small and medium business (SMB) focused payroll and HR-software provider Zimyo Consulting announced raising $1.5 million in seed round led by BEENEXT. Other investors in the round include returning investor Yatra Angel Network (YAN), AngelList as well as angel investors Abhishant Pant, Navin Surya and cofounder of Paysense, Sayali Karanjkar who will be joining the company board. 

Gurugram headquartered Zimyo had last raised an undisclosed amount in angel round from YAN and other HNIs in January and was part of the first edition of Google for startups and 91springboard advisor programme in India.

The company plans to use the capital for product development and hiring, according to a statement. 

Founded in 2018 by former AuthBridge Research Services executives Kumar Mayank and Ajay Kadyan, Zimyo works on a Software as a Service model. It helps SMBs automate employee management, recruiting, performance, payroll and other functions. 

Zimyo also operates a financial marketplace over its proprietary payroll-based credit engine, offering benefits to SMB employees.These include payroll loans, insurance and other employee benefits.