MedVital, a medtech startup specializing in skin repair and wound care, has successfully secured Rs 8.4 crore in its pre-seed funding round. The investment was spearheaded by Nihar Parikh’s 4point0 Health Ventures and also received support from notable figures in the healthcare industry, including founders from Tata 1mg, NephroPlus, and Eye Q Hospital.
The capital raised will be pivotal for MedVital as it aims to enhance its product offerings and improve its supply chain. The startup plans to extend its reach in hospitals, clinics, and home-care settings, thereby making its innovative solutions widely accessible.
Innovative Solutions for Wound Care
Co-founded by Varun Gupta and Tarun Bansal, MedVital has developed a comprehensive platform for wound care and minimally invasive aesthetic treatments.
One of its standout products is NoWound, a negative pressure wound therapy (NPWT) device designed to facilitate controlled healing of complex wounds. This device is not only compact and digitally enabled but also locally manufactured, highlighting the startup’s commitment to quality and accessibility.
MedVital’s vision extends beyond its current offerings. The startup is looking to introduce liquid chitosan-based dressings and plans to venture into dermal and hair regeneration solutions. This expansion reflects its ambition to redefine the standards of care in wound management and aesthetic treatments.
Strengthening the Healthcare Ecosystem
The participation of industry veterans in MedVital’s funding round underscores the growing interest in technology-driven healthcare solutions in India. With a focus on integrating advanced biomaterials and monitoring technologies, the startup is well-positioned to make significant contributions to the healthcare ecosystem.
As MedVital gears up for the next phase of growth, its efforts to innovate and expand its product portfolio will be closely watched. The startup aims not just to enhance healing processes but also to set new benchmarks in the medtech industry, ultimately improving patient outcomes across various care settings.
