Bengaluru-based healthtech startup Dozee has secured ₹71.5 crore (~$8.3 million) in a new funding round consisting of both equity and debt. The round was led by Temasek Trust’s C3H, which contributed ₹6.3 crore in equity, and Stockhausen International Pte Ltd, which infused ₹58.5 crore as debt. The remaining amount came from undisclosed strategic investors.
What Does Dozee Do?
Founded in 2015 by Mudit Dandwate and Gaurav Parchani, Dozee offers contactless, AI-powered patient monitoring systems. Its core technology can track vital health parameters like:
- Heart rate
- Respiratory rate
- Oxygen saturation
- Sleep cycles
- Blood pressure (via integration)
The system integrates with hospital beds to provide continuous, remote monitoring, enabling early detection of patient deterioration and reducing dependency on manual checks.
Scaling India and Beyond
Dozee’s solutions are already deployed in over 380 hospitals across 50+ Indian districts. With this new funding, the startup aims to scale operations to 2,000 hospitals across 100 districts in the next two years.
The company is also aggressively pursuing global markets, with operations already initiated in the UAE, Africa, and the United States. The funding will accelerate international expansion and R&D, particularly in critical care innovations.
Financial Performance
Dozee has shown signs of improving efficiency:
- Net loss dropped by 19% in FY24 to ₹68 crore, down from ₹84.4 crore in FY23.
- Operating revenue rose by 148% YoY, touching ₹5.2 crore in FY24.
These numbers reflect strong early adoption and growing traction in both government and private healthcare sectors.
Strategic Vision
Dozee’s vision is to transform hospitals into “smart health monitoring hubs”. By eliminating the need for constant physical checkups and digitizing patient vitals collection, the platform aims to free up nurses' time, improve ICU readiness, and reduce mortality rates through early intervention.
With its AI-backed, hospital-grade solution, Dozee is increasingly positioned as a critical enabler in India’s and the world’s healthcare transformation.