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Monitra Healthcare Secures USD 500K Funding Led by 91Ventures & Lavni Ventures

Written by : Aishwarya Sarthe

August 10, 2023

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Monitra Healthcare will use this strategic investment to expand into international markets and strengthen distribution channels, particularly in East India

Monitra Healthcare, an Indian 24x7 remote cardiac monitoring platform, has raised $500,000 in its Pre-Series A funding round led by 91Ventures and Lavni Ventures. Key Ventures acted as an exclusive financial advisor in facilitating this transaction.

The equity infusion was initiated by 91Ventures, led by Pranay Gupta, and Lavni Ventures, a venture capital fund. ACG World, AWE funds, and influential high-net-worth individuals (HNIs), including Lakshmi Narayanan, Kishore Ganji, and Arvind Ramamurthy, also were part of the funding round.

Further, existing investors, including Indian Angel Network (IAN), continued their support by participating in this round, marking its third consecutive investment in Monitra.

As per Monitra, the funding will help the startup expand into international markets while strengthening its distribution channels, particularly in East India. The startup's primary focus is advancing healthcare monitoring by tracking critical human biomarkers such as brain strokes, oxygen saturation, blood pressure, and respiratory rate.

The newly acquired funds will further bolster the development of its artificial intelligence (AI) capabilities to predict cardiac disorders at an early stage, thereby increasing life expectancy.

He said, 'œMonitra Health is currently in the midst of a fast-paced expansion as it plans to accelerate entry into 10 major cities across India, access international markets through regulatory approvals, and setting up 24×7 world-class patients monitoring centers in India. This ramp-up will be supported by the development of AI to predict the possibility of cardiac disorders at an early stage, increasing the life expectancy of people. With Key Venture's background in running healthcare transactions, they understood the impending threat of cardiovascular diseases, leading to a successful round closure with valuable partners.'

Hyderabad-based Monitra Health, founded in 2015 by Ravi Bhogu, offers healthcare monitoring services with its flagship product, upBeat®. In the coming five years, the startup plans to expand into various healthcare domains, including stroke monitoring, high-risk pregnancy, clinical research, diabetes monitoring, and even competitive sports.

HealthyfyMe, Netmeds, eKincare, etc., are a few health-tech startups operational in the health-tech segment in India.


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