HeathTech startup SigTuple bags INR 34.5 Cr in a series C funding round led by existing investors. The existing investors of the startup are Endiya Partners and Accel. Along with existing investors, some of the strategic leaders of the Healthcare sector also participated in this funding round.
The startup plans to utilize the funds for expansion and establishing its dominance across the country. Furthermore, SigTuple also plans to use the capital to diversify its product portfolio and scale it. Additionally, this Healthtech startup will also look to use the fund for supporting regulatory clearances.
With the addition of INR 34.5 Cr, the total funding now stands at $40.8 Mn. SigTuple is aggressively backed by multiple investors and venture capital firms. These firms are Accel Partners, Chiratae Ventures, Pi Ventures and Binny Bansal (Co-founder of Flipkart).
This Healthtech startup aims to go global this year. SigTuple plans to expand its footprint in the key markets of Southeast Asia, the Middle East, North Africa, North America and Europe.
Set up in 2015, SigTuple is a health tech startup that focuses on developing a product that automates and addresses all forms of microscopy done in laboratories. The founders of SigTuple are Apurv Anand, Rohit Kumar Pandey and Tathagato Rai Dastidar. In addition to this, SigTuple is a group of three companies. They are SigTuple Technology, Mirable Health services and Truelyser BioSystems.
The company has been growing since its inception in 2015. It has also launched a new product and is focusing fully on the product AI100 since 2020. Furthermore, it does all the work of a pathologist like studying microscopic samples and giving reports. Additionally, AI100 is based on machine learning and Artificial intelligence. It is widely used by hospitals and laboratories.
A few months back, SigTuple onboarded two medical device suppliers as channel partners. This will help them to grow sales in India. Horiba Medical and Genworks Health are two of those partners. Furthermore, with the plans to expand in Indonesia, SigTuple has also onboarded Tawada Healthcare (Local Distributor).
SigTuple has seen exponential growth in the last 12 months. Additionally, it has also partnered with multiple prestigious hospitals and clinical laboratories. As per reports, the Healthcare sector is significantly receiving funds from investors. This will boost the confidence of founders and will help in scaling the business to a larger level.
Featured Image Credit: Morning Pitch Asia
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