Healthtech Startup Evelabs Raises Funding From JITO Angel Network, Others
Evelabs Technologies, a Kochi -based healthtech startup, has raised an undisclosed amount in a seed funding round led by JITO Angel Network and a cohort of individual investors.
As per the startup, the freshly raised funds will help the company launch more IoT-based products and help market and execute the Dripo Orders received from various hospitals and clinics.
Evelabs | Connected Infusion Monitor
Founded by Sanjai Rajendran, Sruthy Gopal, and Vishnu MS in 2016, Evelabs is a healthtech startup that works on connected devices for In-Patient experience and safety in hospitals.
The healthtech startup offers solutions to improve clinical efficiency, safety, and patient experience in hospitals and home care. Its pilot product Dripo is a connected infusion monitor that helps healthcare practitioners set, manage, and monitor infusion therapy at ease.
Speaking on the development, Vishnu MS, Founder and CEO of Evelabs, said,
“Being a medical device company, it was important for us to collaborate with responsible and matured investors who support the relatively long technology development cycle. We thank our lead investor JITO Angel Network and other investors, Varghese Maliekel, Jose Pattara, Thomas Maliekel, SomaKumar Kolathur, Karishma Thakkar, and Afsal Salu, for their confidence in us. We plan to launch other products in the pipeline, and this fund raising will help us to scale the sales pan India.”
This investment in Evelabs Technologies is JITO Angel Network’s (JAN) ninth investment in the healthtech space. Its eight investments in the healthtech segment include- Comofi Medtech, AADAR, Greencure.co, Tablt, S3V Vascular Technologies, Remedico, Epigeneres, and Aten Porus.
Commenting on the development, Sunil Kumar Singhvi, Vice Chairman at JITO Angel Network, said,
“Evelabs’ IoT-enabled solutions to improve clinical efficiency and ensure patient safety is a special draw for us, who are always looking for unique solutions to problems. We are glad to be one of the early-stage investors in Evelabs and support it in its growth journey.”
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