IIT Madras incubated Health tech startup Mocero Health has secured a Rs 1.3 crore seed round led by inflection Point ventures.
The startup plans to utilise its maiden fund for product development and enhance sales channels.
Launched in 2017 by N. Palaniappan, this digital platform assists hospitals in becoming omnichannel and expanding their reach.
Providing a digital, data-driven, decision support system to address the pressing needs of the healthcare industry and better manage and deliver quality clinical outcomes.
According to IPV, these funds will aim to invest in 15-20 firms through pre-Series A to Series B investment rounds with check sizes ranging from $2 million to $10 million. It will have a greenshoe option of $25 million.
Over 140 startups in consumer technology, edtech, health technology, fintech, B2B SaaS, and social and content commerce have received over Rs 500 crore investments from IPV.
Recently, the startup investment platform provided capital to Fabrication Bazar, a manufacturing industry engineering firm and the provider of digital marketing solutions Intellemo.
The fund has also successfully closed entire exits from many firms, including Pedagogy, Fitso, Qbera, BharatPe, and Hob space.