Acculi Labs, a clinical grade smartphone based diagnostic tool has announced that it has raised Rs 5 crore in a seed funding round from PirE Ventures, an investment firm based out of Mumbai, according to YourStory report.
Started in 2017 by Rupam Das, Acculi Labs aims to make home-based care available to the last person at the bottom of the pyramid. It’s flagship product, Lyfas is a Digital Biomarker/diagnostic/prognostic tool developed based on the principle of photoplethysmography (PPG). It detects blood volume changes and reflects the light spectrum of blood chemistry in the microvascular bed of tissue. Lyfas offers an opportunity for a continuous assessment of phenotypic / functional markers of health and illness, which is non invasive, personalized and remote. It allows a low-cost and large population health assessment.
Speaking on the investment, Rupam Das, the CTO and CEO of Acculi Labs, said, “The investment will be used to bring our vision to reality. [Our] R&D will work with new vigour and rigour to simplify healthcare for the needy. [We] will run full business operations to ensure that Lyfas becomes the need of every household, irrespective of geophysical location, as we at Acculi believe that healthcare is the need of people.”
Acculi Labs received funding under the Startup Karnataka policy launched by the Government of Karnataka in 2015. Acculi Labs was selected as one of the top startups of ELEVATE 2018, an initiative of the Department of Information Technology and Biotechnology, Government of Karnataka, which aims to provide a comprehensive entrepreneurship platform for startups.
Commenting on the investment, Geetha Mahadevappa, PirE Ventures, said, “We see a lot of potential in Lyfas to transform the way we diagnose and monitor diseases today. The asset-light and tech-driven models of the company are easily pluggable into various setups, including OPD, telemedicine, and post-surgery care. We believe that together PirE and Acculi can redefine digital health not only for people, but for the nation”.
Last year, the startup had raised pre-seed funding from a group of angels and Bengaluru-based consultancy and services firm Startup Basket.
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