HealthTech Startup EzeRx Raises INR 1.75 Crore from KIIT - TBI & Angel Investors
The company intends to utilize the fresh infusion of funds towards team building, regulatory compliance, manufacturing facilities, and working capital. With this financing round EzeRx’s valuation has reached 12 crore.
Geared towards tackling the diagnostic challenges pertaining to anemia and liver & lung related diseases, the company has developed an easy to use device EZY-CHK. The non-invasive and contactless portable contactless portable device can detect anemia, predict liver and lungs problems within less than five seconds.
Incubated at KIIT – TBI since 2019, EzeRx had earlier raised its first round of funding of Rs 25 lakh, at from the INVENT programme. The company had also raised its first grant of Rs 6 lakh from NIDHI Prayas by DST, followed by Rs 48 lakh grant from Biotechnology Industry Research Assistance Council under Department of Biotechnology (DBT-BIRAC).
EzeRx is also a recipient of the Aarohan Gold award from Infosys Foundation in 2019 and was awarded Rs 20 lakh. The company is currently working on an R&D project with the Indian Oil Corporation through which it has received an investment of Rs 1.25 crore.