In a significant development for the health technology sector, Monitra Health, a pioneering health tech startup based in Hyderabad, has successfully raised $1.5 million in a pre-Series A funding round. The funding was led by Equanimity Ventures and Kotak Alternate Asset Managers, highlighting the growing interest and confidence in Monitra Health’s innovative approach to remote cardiac monitoring.
The primary focus of this funding infusion is to fuel the expansion of Monitra Health’s flagship product, upBeat, a comprehensive remote cardiac monitoring platform designed to cater to domestic and international markets. With a distinctive B2B2C model, Monitra Health collaborates closely with healthcare professionals and medical device channel partners to deliver cutting-edge solutions.
Led by the visionary Ravi Bhogu, Monitra Health has already established a robust distribution network in key regions such as Hyderabad, Kerala, and Maharashtra. The startup has ambitious plans for nationwide expansion across India to make its groundbreaking cardiac monitoring technology accessible to a broader population.
The heart of Monitra Health’s success lies in developing a full-stack remote cardiac monitoring platform designed for massive scalability. Upbeat, the flagship product, is vital in diagnosing conditions such as unexplained fainting, dizziness, and palpitations. This advanced solution has showcased its effectiveness and garnered recognition for its potential to revolutionize cardiac care.
Monitra Health proudly boasts of successfully monitoring over 10,000 patients, analyzing an astounding 7.5 billion heartbeats over 720,000 hours. The startup’s commitment to innovation is further underscored by its possession of patents in India and Australia, with pending global patents in the United States, the European Union, and Canada.
The infusion of $1.5 million in funding validates Monitra Health’s achievements and positions the company for accelerated growth and impact in the healthcare industry. As the demand for remote health monitoring solutions continues to rise, Monitra Health stands at the forefront, leveraging technology to enhance cardiac care and improve patient outcomes globally.
