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Sep, 26 2018

Healthcare startup Docturnal raises funds from Mumbai Angels Network

11 investors from Mumbai Angels Network have invested in Hyderabad-based startup.

The healthcare startup Docturnal, focused on non-invasive tuberculosis screening solutions, has raised an undisclosed amount of funds from Mumbai Angels Network. 

11 investors from Mumbai Angels Network have invested in the Hyderabad-based startup. These investors include Akshay Mittal, Founder of basmati rice maker Sagar Basmati Rice; angel investor Abhijeet Birewar; and Shantanu Agarwal, Executive Director at automotive furnishing fabric manufacturer BMD Pvt. Ltd, among others.

Founded in 2016 by Rahul Pathri, Balakrishna Bagadi, Arpita Singh and Vaishnavi Reddy, Docturnal screens and detects tuberculosis using their flagship product TimBre. 

The funds raised will be used to deploy the product for clinical trials across several hospitals in India. It will also help in building team and technology.

Nandini Mansinghka, Chief Executive of Mumbai Angels Network, has said that the network will look to invest more in the medtech and healthtech startups to support innovation in the sector.

"We see increased interest from the next level investors, both VC Funds and the strategic players in companies innovating in the medical and healthcare space using technology," she further added.

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