Marico Foundation, Villgro invest in medical devices firm Yostra Labs
Thursday, January 5, 2017
Bengaluru-based medical technology startup Yostra Labs Pvt Ltd has raised an undisclosed amount of funding from Marico Innovation Foundation (MIF) and social enterprise incubator Villgro, the company said in a statement on Wednesday.
Yostra Labs Pvt Ltd was founded in 2014 by Vinayak Nandalike, Maruthy KN, Ram Mohan Rao and Sanjay Sharma.
The firm manufactures devices to treat diabetes-related complications. Sparsh is used to diagnose diabetic peripheral neuropathy (permanent damage to the nerves in the feet, owing to diabetes) and Kadam treats diabetic foot ulcers.
About 30% of diabetics develop diabetic peripheral neuropathy and half of those will develop foot ulcers due to their condition, the company said.
“Both our products have been developed specifically to enable mass screening and treatment of diabetic patients at primary and secondary healthcare centres and resource-poor settings making treatment accessible to patients from all socio-economic strata,” said Nandalike in the statement.
Source: VC Circle (link opens in a new window)
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