Evelabs raises $200K from JITO, Smart Sparks and Individual investors

Dripo is a handy and portable device that constantly monitors the rate of infusion for variations and blocks, thus helping hospitals improve the process of IV medication through digital transformation.

Kochi: : Healthcare IoT startup Evelabs Technologies claims to have  an investment of 200,000 US dollars from JITO Angel Network and Smart Sparks Angel Network under venture way ecosystem, besides from half-a-dozen individuals.

The six-year-old firm, which is founded by Sanjai Rajendran, Sruthy Gopal and Vishnu M.S., based in Kochi, Kerala.  Dripo, is the company’s pilot product  which is a connected infusion monitor that helps healthcare easily practitioners set, manage and monitor infusion therapy.

The investment comes at a time when, according to RedSeer Consulting, India’s e-health industry’s gross merchandise value is poised to reach 9 billion to 12 billion US dollars by 2025, and $40 billion by 2040. “The growth shows a huge opportunity for companies in this segment,” says  Shri Anoop Ambika, CEO of Kerala Startup Mission (KSUM), which is the nodal agency of the Kerala Government for entrepreneurship development and incubation activities in the state.

Dripo is a handy and portable device that constantly monitors the rate of infusion for variations and blocks, thus helping hospitals improve the process of IV medication through digital transformation.

The 2016-founded Evelabs is working on connected devices for in-patient experience and safety in hospitals and home cares. The company is supported by  various reputed organizations and has won several prestigious awards.