05 August 2016, India :
Bengaluru-based Tricog Health Services Pvt Ltd on Friday said it had raised an undisclosed amount in a Series A round from Inventus Capital Partners, Blume Ventures and a group of angel investors. The company did not disclose the amount raised and will utilized the funds to enhance its technology, it said in a statement.
The Bengaluru-based health-tech startup, which was founded in January 2015 by a team comprising Dr Charit Bhograj, PhDs Dr Zainul Charbiwala and Dr Udayan Dasgupta and software architect Abhinav Gujjar, has manufactured its own hardware for ECG devices that can send information to a cloud. The company has a 24/7 specialist team that analyses the data and sends reports from its mobile app.
“In India alone, five million people suffer heart attacks every year and three million of these don’t survive. The average time it takes to diagnose a heart attack in urban India is 360 minutes. The chance of survival with this delay is mere 20%. If this delay were reduced to 90 minutes, the survival probability jumps to 80%. Tricog’s aim is to change that patient’s 80% chance of death to an 80% chance of staying alive,” said Charit Bhograj, founder and chief executive officer of Tricog Health, in a statement.
Tricog is present in almost 250 clinics, nursing homes and hospitals across 12 cities and towns in urban and rural areas. So far it has diagnosed 100,000 patients, over 5,000 of whom were found with acute heart conditions that required urgent intervention.