Prantae Solutions, a deep-tech healthcare company, has successfully raised Rs 5 crore in a seed funding round led by the Indian Angel Network (IAN) Group. The round also saw participation from prominent investors including IAN Alpha Fund, Samir Kalia, Deepank Kumar, and Nitin Zamre. The fresh infusion of capital will be directed towards launching complementary diagnostic solutions for kidney health and diabetes care, further enhancing its product portfolio, and driving research and development efforts.
Founded in 2015 by Sumona Karjee Mishra and Aseem Mishra, Prantae Solutions has carved a niche in the deep-tech space, focusing on building strong intellectual property and differentiated healthcare products. The company aims to redefine healthcare by introducing next-generation diagnostic solutions that promote inclusivity and empower individuals to manage their health better.
Headquartered in Bhubaneswar, Prantae is dedicated to breaking down barriers in medical accessibility. Its innovative point-of-care (POC) diagnostic solutions are designed to deliver accurate, timely, and actionable insights, particularly for chronic conditions that require early detection and proactive management. The company’s flagship product, Proflo-U, is a groundbreaking tool for kidney health assessment, offering an unmatched detection range for microalbumin and proteinuria levels. Powered by proprietary nanosensors, IoT, and AI technology, Proflo-U is a calibration-free, cost-effective, and user-friendly diagnostic solution aimed at improving patient outcomes and reducing healthcare costs.
With the point-of-care diagnostics market in India projected to grow from $1.41 billion in FY2024 to $2.71 billion by FY2032, Prantae is poised to capture a significant share of this rapidly expanding sector. Globally, the market is expected to experience robust growth, rising from $30.87 billion in 2023 to $51.19 billion by 2032.
Prantae’s vision extends beyond domestic success. The company is focused on building a strong presence in India before expanding its footprint to international markets. By continuously innovating and developing highly differentiated diagnostic solutions, Prantae is well on its way to transforming healthcare and making critical diagnostics accessible to millions of people worldwide.
