The company, which laid off 40 employees last year to curb losses, is now on track to achieve profitability in India and is actively hiring for roles in data science, product development, and marketing
Bengaluru-based health-tech startup Dozee has secured Rs 71.5 Cr (about $8.3 Mn) in a mix of equity and debt, backed by Prime Venture Partners, 3one4 Capital, and others. As per MCA filings, Temasek Trust’s C3H invested Rs 6.3 crore in equity, while Stockhausen International infused Rs 58.5 crore as debt, with additional funds from undisclosed strategic investors.
Founded in 2015 by Mudit Dandwate and Gaurav Parchani, Dozee specializes in contactless patient monitoring systems and an early warning system to help hospitals track vital signs and detect clinical deterioration. The new funding will be used to expand internationally into markets like the US, the UAE, and Africa, along with strengthening R&D efforts to enhance patient care solutions as per Inc42 report.
Financial Performance and Growth Plans
According to an Inc42 report, Dozee has improved its financial performance despite past struggles in the Indian market, reducing its net loss by 19 per cent to Rs 68 crore in FY24, while revenue surged 148 per cent to Rs 5.2 crore. Operational expenses declined 15 per cent to Rs 74.5 crore, with employee costs remaining the biggest expenditure at Rs 47 crore.
The company, which laid off 40 employees last year to curb losses, is now on track to achieve profitability in India and is actively hiring for roles in data science, product development, and marketing. With nearly $20 million in total funding raised so far, Dozee aims to broaden its product portfolio and strengthen its position in the health-tech sector. Overall, the startup has raised $32 million across 11 funding rounds, with its most recent debt round securing $6.82 million on March 25, 2025.
