Medical devices startup Noccarc raises $2 Mn led by IAN

Indian Angel Network (IAN) sponsored a $2 million funding round for medical device startup Noccarc. IIT Kanpur, SIDBI (Small Industries Development Bank of India), and TDB (Technology Development Board) were also involved in this round. In addition, Hero Enterprises Chairman Sunil Munjal was welcomed as a prominent stakeholder in the investment round. The money raised will be put towards growing Noccarc's business and diversifying its line of products. The fundraising round, according to the company, is anticipated to assist R&D projects, ease market penetration, bolster customer service, and establish sales and distribution networks throughout major cities. Founded by Harshit Rathore, Noccarc specializes in the development and manufacturing of high-value critical care medical equipment, including ICU ventilators, patient monitors and more. In addition, the company offers a digital platform that allows doctors to remotely access device data, digitize documents and plans to integrate AI-based services in the future.

The company has a strong research and development unit and ambitious plans to develop a versatile product range, starting with intensive care. Noccarc currently holds seven patents and has applied for 19 new patents for its innovative technologies. The company has also recently received a license from CDSCO (Central Drug Standard Control Organisation), which gives them the right to manufacture and sell these regulated products in India.
The startup claims to have shipped more than 3,600 ventilators across India and has partnered with several different hospitals. Noccarc is now expanding its product range with a view to globalization..Future-Generation Ventilation for Intensive Care Units
With the use of cutting-edge technologies, critical care has been redefined and given new meaning. The most advanced ICU ventilator, created specifically for user comfort and ease of use, will raise the bar for both patient care and your own standards.