Written by : Aishwarya Sarthe
June 21, 2023
Healthtech startup SigTuple has successfully raised $4.3 million (INR 34.5 Crores) in a recent funding round led by existing investors, Endiya Partners, and Accel. The company intends to use the funds to expand its geographical reach and enhance its product portfolio.
Founded in 2015 by Tathagato Rai Dastidar, Rohit Kumar Pandey, and Apurv Anand, SigTuple focuses on developing a comprehensive product that automates all forms of microscopy performed in clinical laboratories.
Recently, the startup has established partnerships with two medical device distributors, Horiba Medical and Genworks Health, for sales and service in India. Additionally, SigTuple has teamed up with a local distributor, Tawada Healthcare, to expand its presence in Indonesia.
In its expansion strategy, SigTuple aims to forge new partnerships and launch products in key markets, including Southeast Asia, the Middle East, Europe, and North America.
The company's CEO, Tathagato Rai Dastidar, expressed their transformational year with significant product enhancements, new additions, and strong customer traction. He highlighted their plans for global expansion in 2023.
Since its inception, SigTuple has raised a total of $46.2 million in funding. The Indian medical diagnostics market, currently valued at $11 billion, is witnessing rapid growth at a rate of 16% year-over-year. According to Inc42, the healthtech market in India is expected to reach $21 billion by 2025.
The College of Healthcare Information Management Executives (CHIME) is an executive organization dedicated to serving senior digital health leaders. CHIME includes more than 5,000 members in 56 countries and two US territories and partners with over 150 healthcare IT businesses and professional services firms. CHIME enables its members and business partners to collaborate, exchange ideas, develop professionally and advocate the effective use of information management to improve the health and care throughout the communities they serve. CHIME's members are chief information officers (CIOs), chief medical information officers (CMIOs), chief nursing information officers (CNIOs), chief innovation officers (CIOs), chief digital officers (CDOs), and other senior healthcare leaders. The CHIME India Chapter became the first international chapter outside North America in 2016 and is now a community of over 70+ members in India. For more information, please visit www.chimecentral.org