Dozee raises Rs 71 cr in additional funding led by Doordash's Gokul Rajaram

Dozee raises Rs 71 cr in additional funding led by Doordash's Gokul Rajaram

FPJ Web DeskUpdated: Tuesday, January 18, 2022, 11:13 AM IST
article-image
Dozee will use the funds to launch new products, continue with R&D and expand globally./Representative image |

Dozee, Contactless Remote Patient Monitoring (RPM) solutions, has raised Rs 71 crore in an additional funding round led by Doordash’s Gokul Rajaram. The round also saw participation from existing investors Prime Venture Partners, 3one4 Capital, YourNest and other angel investors.

The company will also use the funds to launch new products, continue with R&D and expand globally, it said in a press statement. Dozee has set a goal of partnering with over 1,000 hospitals across India to help them upgrade critical care infrastructure through remote patient monitoring. It plans to install more than 50,000 step-down ICU beds with its contactless sensor and set-up 24x7 Central Monitoring Cells in these hospitals, enabling them to quickly augment the much required HDUs and ICUs.

Dozee, the brainchild of IIT graduates Mudit Dandwate and Gaurav Parchani has raised over Rs 139 crore, including the current funding round.

New Investor Gokul Rajaram of DoorDash said, “Dozee is on a mission to revolutionize healthcare, using unique technology to make remote monitoring more scalable, economical and accessible.”

Mudit Dandwate, CEO & cofounder, Dozee, said, “We are thrilled to have Gokul Rajaram on our board as we reimagine critical healthcare delivery making it more accessible and affordable. Gokul brings in immense energy and experience of building world-class companies. He is an amazing thinker and brings a global perspective.”

RECENT STORIES

Adani Enterprises Approves Partly Paid-Up Rights Issue To Raise ₹24,930 Crore, Representing 24%...

Adani Enterprises Approves Partly Paid-Up Rights Issue To Raise ₹24,930 Crore, Representing 24%...

Tenneco Clean Air India Raises ₹1,080 Crore From Anchor Investors A Day Before IPO Opening

Tenneco Clean Air India Raises ₹1,080 Crore From Anchor Investors A Day Before IPO Opening

Reliance Infrastructure Reports 50% Dip In Net Profit To ₹1,911.19 Crore, Looking To Raise $600...

Reliance Infrastructure Reports 50% Dip In Net Profit To ₹1,911.19 Crore, Looking To Raise $600...

Yatra Online Shares Hit 52-Week High After Strong Q2 Earnings, Net Profit Doubles On Robust Segment...

Yatra Online Shares Hit 52-Week High After Strong Q2 Earnings, Net Profit Doubles On Robust Segment...

Tata Motors Commercial Vehicles' Shares Make Strong Market Debut, Listing With A Premium Of 28% On...

Tata Motors Commercial Vehicles' Shares Make Strong Market Debut, Listing With A Premium Of 28% On...