Kolkata based Medtech startup EzeRx raised a seed round of Rs 1.75 crore led by Odisha-based incubator KIIT-TBI. Other angel investors from US and India, including Sudip Row Chowdhury, Sri Krishna Chakravarty, Manoj Patra, and Shradha Sharma, YourStory Founder and CEO, also participated in the funding round.
EzeRx was launched in 2018 by Partha, Pratim Das Mahaptra, Chaitali Roy and Amit Mandahar. The startup provides easy and painless diagnostic solutions for identifying primary health parameters at an early-stage for detecting liver and lungs problems or even nutrition problems like anaemia. The startup is involved in developing and manufacturing advanced medical devices, designed for effective management of curative and preventive healthcare.
Partha Pratim Das Mahapatra, Co-founder and CEO, EzeRx, said, “We will invest the funds towards team building, regulatory compliance, manufacturing facilities, and working capital. Aarogya is a teledentistry platform for rural and semi-urban places to deliver quality treatment on dental care.”
EzeRx has two main business verticals — first, where it provides non-invasive prescreening and diagnostics devices, and second, it is building teledentistry networks in rural and semi-urban areas. It offers four diagnostic solutions — AJO, OzoRx, OralOScope, and Aarogya.
CEO of KIIT-TBI Mrutyunjay Suar said, “The startup is focussed on building affordable diagnostic devices and integrating the concept of digital health, and the incubator has been supporting EzeRx along the way. We, at KIIT-TBI, supported EzeRx with PRAYAS grant of Department of Science and Technology, Government of India, BIG grant, and LEAP funding of BIRAC, GoI, and provided access to prototyping facility, clinical trials, and regulatory compliance.”
The funding will help the startup in the process of launching a chain of dental clinics by building smart health kiosks for teledentistry. EzeRx is aimed at launching 12 such centres by FY21.