Healthcare startups Zeolr and Mobident receive cash injection from IIM Ahmadabad’s CIIE
Mobident aims to make home dental care affordable and accessible, while Zeolr develops solutions to help manage chronic diseases
IIM Ahmedabad’s Centre for Innovation Incubation and Entrepreneurship (CIIE) has invested undisclosed amounts into two companies.
One is Doux Dentistry, a dental care startup aiming to make dental care affordable and accessible for patients at their homes — it operates under the brand name Mobident.
The other is Zeolr, an IoT based healthcare startup that is developing solutions to aid in better management of chronic diseases by patients and availability of information to physicians for regular supervision, revision and reinforcement.
Mobident’s ‘Dental clinic in a Suitcase’ is an asset-light model designed to address the core challenges of the dental care industry; such as customer experience and high cost of dental services in India. For Mobident, it is an opportunity to derive cross learnings from CIIE and propel their business through active support in fund-raising and business development.
Also Read: Japan’s M3 form JV with HealthCare atHOME to launch a news platform for Indian doctors
Zeolr’s flagship product, RespirON, is an approach to help asthmatic and COPD patients as well as their physicians come up with the best plan for managing their conditions. It is a three-tier system that includes a device and a smartphone application (compatible with Android, iOS & Windows) connected to the cloud server. The idea is to help patients and physicians consistently monitor and manage their condition.
With Mobident, CIIE hopes to test the waters in the home care innovation space and foray into more asset light models that address key barriers in making healthcare ubiquitous, while Zeolr is poised to set in motion CIIE’s active involvement in Healthcare IoT.
Also Read: Alodokter says hello to US$2.5M Series A led by Golden Gate Ventures
“CIIE-IIMA is delighted to invest in Zeolr and Mobident. These companies have immense potential and we believe that their innovative ideas will play a key role in solving few critical healthcare issues. We believe that the combination of India’s mettlesome entrepreneurs and CIIE will play a key role in solving many complex issues,” said J Salim Vali, Vice President (Investments), CIIE, in a press statement.
Founded in 2007, CIIE launched its first Healthcare Accelerator earlier this year, and is all set to bring a new set of market driven healthcare innovations by the end of 2016.
The post Healthcare startups Zeolr and Mobident receive cash injection from IIM Ahmadabad’s CIIE appeared first on e27.
