Medtech startup Yostra Labs raises Rs 4 Cr in seed funding

Medtech startup Yostra Labs has secured Rs 4 crore in its seed funding round led by Indian Angel Network, Villgro Innovations Foundation, and centre for Cellular and Molecular Platforms.

According to Yostra Labs, the funds will be used for increasing its workforce by expanding in-house sales and marketing teams, expanding the market reach of the company, the commercialization of the product portfolio, optimising the bill of material, and scaling up the production.

Founded by Vinayak Nandalike, Mohan Rao, Sanjay Sharma, and Maruthy in 2014, Yostra Lab is a medical device firm with a portfolio of patented products for the diagnosis and management of peripheral neuropathy and its complications such as foot ulcers.

The Company’s flagship product, NEURO TOUCH is a point-of-care comprehensive screening device for small and large fibre peripheral neuropathy that helps clinicians to diagnose diabetic neuropathy. VELOX Care is an advanced wound care solution for the treatment of chronic wounds such as diabetic foot ulcers.

Yostra Labs claims that its devices have screened over 40,000 patients across clinics, private and governmental hospitals and diagnostics centres in India.