Consure Medical a Delhi and Sanfrancisco based healthcare startup has raised an undisclosed amount of funding from Venture capital firm Accel Partners along with earlier investors- Indian Venture Partners, India Innovation Fund and Indian Angel Network.
Consure Medical was founded in 2012 by Nishith Chasmawala and Amit Sharma. It is a medical device company which focus on developing medical devices for managing long term and critical care patients. The funds will be utilised in investing further product development, grow customer reach and penetrating new markets.
Nishith Chasmawala founder of Consure Medical said,
“Consure Medical competes in the $7 Billion fecal incontinence market with a differentiated product. The elegance of our novel technology is in its simplicity of use and management. We have the unique distinction of being one of the few emerging market medical device companies to have both US FDA clearance and granted patents in all important markets including USPTO.”
He further added
“The majority of the funding is going to building the sales in India and the US. We also have a bunch of other products in the pipeline, which we plan to launch in next one to three years.”
The startup plans to enhance care in step-down units, at home patients and nursing home. It has highly motivated & capable team members, investors and clinicians focusing on improving care for patients worldwide. It launched its product platform the Qora stool management kit and has receive FDA clearance for its Qora suite of devices.