Medtech startup Yostra Labs raises Rs 4 Cr in seed funding

Medtech startup Yostra Labs has secured Rs 4 crore in its seed funding round led by Indian Angel Network, Villgro Innovations Foundation, and centre for Cellular and Molecular Platforms.

According to Yostra Labs, the funds will be used for increasing its workforce by expanding in-house sales and marketing teams, expanding the market reach of the company, the commercialization of the product portfolio, optimising the bill of material, and scaling up the production.

Founded by Vinayak Nandalike, Mohan Rao, Sanjay Sharma, and Maruthy in 2014, Yostra Lab is a medical device firm with a portfolio of patented products for the diagnosis and management of peripheral neuropathy and its complications such as foot ulcers.

The Company’s flagship product, NEURO TOUCH is a point-of-care comprehensive screening device for small and large fibre peripheral neuropathy that helps clinicians to diagnose diabetic neuropathy. VELOX Care is an advanced wound care solution for the treatment of chronic wounds such as diabetic foot ulcers.

Yostra Labs claims that its devices have screened over 40,000 patients across clinics, private and governmental hospitals and diagnostics centres in India.

Yostra seems to be an intriguing startup with inspiring development on medical equipment manufacturing platform. I’m certain this startup would keep on thriving in its excursion ahead. All the best to the whole group. This will give them an enormous achievement in the future.

Shishir Gupta, Founder and CEO, StartupLanes

Don’t keep wondering about funding, you can also raise funds. Learn how to raise funds here: Yes I want to raise funds.

If you are an emerging startup and are looking for investors to raise funds, StartupLanes has its own angel network and investment banking services and is connected to angel investors and VCs in 15 countries that ensure that our member startups have easy access to external funds to scale up constantly.

You can subscribe to our news posts by entering your email in the box on the right side of this page.

Check out our YouTube channel for insightful content from the Indian startup ecosystem.

Or join our Whatsapp group to interact with other founders: Yes, I want to join the Whatsapp group.

The right investment is key to beating inflation and growing your wealth. Do you wish to become an angel investor? Yes, I want to be an angel investor.

Are you a startup and facing challenges in your business? Do you want to grow your business? It is not as difficult as it sounds. Learn how to grow your business here- Yes, I want to grow my business.