Dozee, India’s front-runner in the field of contactless Remote Patient Monitoring (RPM) & AI-based Early Warning System (EWS), has secured $6 million in its Series A2 funding round. Existing investors including Prime Venture Partners, 3one4 Capital, YourNest VC, have invested alongside new investors like State Bank of India, J&A Partners Family office, and Dinesh Mody Ventures, highlighting the significant role that the company’s innovative technology is playing in transforming the Indian healthcare industry.
Dozee’s mission is to unburden the healthcare system and make quality healthcare accessible to all, regardless of their location or socioeconomic status. The company’s innovative technology has won prestigious awards such as Marico Innovation Foundation Award, FICCI Gold Award for digital innovation in healthcare, Anjani Mashelkar Inclusive Innovation Award (AMIIA), and many others. With this fresh funding, Dozee plans to continue its mission to revolutionize the Indian healthcare industry and become a pioneer in the global market with its ‘Make in India, Made for the World’ vision. The funding will enable the company to invest further in its differentiated R&D capabilities and expand its footprint across the country and eventually across the world.
Dozee’s innovative technology has proven to be a game-changer in the field of remote patient monitoring. Its contactless RPM and AI-based Early Warning System (EWS) allow healthcare workers to remotely monitor patients’ vital parameters, including heart rate, respiration rate, blood pressure, blood oxygen saturation levels, temperature, and ECG. The system tracks the trends of these vital parameters and provides alerts to healthcare providers for early detection of patients’ clinical deterioration, enabling timely medical intervention. Research conducted by independent consulting firm Sattva has shown that for every ~100 Dozee connected beds, it can save ~144 lives and reduce ICU ALOS by ~1.3 days.
With this fresh funding, Dozee plans to revolutionize the Indian healthcare infrastructure, upgrading 6,000 hospital beds in ~140 public hospitals across India and in other regions to transform the public healthcare landscape. The company also aims to expand its presence in over 2,000 hospitals in more than 100 districts in the next two years. The COVID-19 pandemic has highlighted the importance of remote patient monitoring and AI-based Early Warning Systems, and Dozee’s innovative technology has proven to be critical in managing the health of COVID-19 patients.
Dozee’s growth momentum demonstrates accelerating progress toward its goal of making ‘HarBedDozeeBed’ the future of Indian healthcare infrastructure. “The current Series A2 fund-raise is a part of the company’s plan to further its reach to every nook and corner of the country and to begin the era of ‘Made in India’ products in the global market,” said Mr. Mudit Dandwate, CEO & Co-Founder, Dozee. With its innovative technology and ambitious plans, Dozee is well on its way to revolutionizing the Indian healthcare industry and making quality healthcare accessible to all.
