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IAN Group leads seed round in medtech startup SVASTEK

EntrackrEntrackr · 9m ago
IAN Group leads seed round in medtech startup SVASTEK
Medial

Medtech startup SVASTEK has raised Rs 2 crore in a seed funding round led by IAN Angel Fund. The funds will be utilized to launch the ALLTIP-enabled NIV mask across India, build a distributor network for product availability, expand its clinical application team, and drive awareness through medical conferences and targeted outreach programs, SVASTEK said in a press release. Launched in 2022 by Arita Abrol, SVASTEK is a healthcare startup focused on solving challenges within respiratory and critical care through patented solutions designed for large-scale hospital use. The company aims to empower patient care by addressing critical gaps in existing medical technologies. According to the Delhi-based company, its flagship product, the ALLTIP Technology-enabled NIV mask, offers a groundbreaking solution for continuous non-invasive ventilation while allowing simultaneous nutrition delivery, improving clinical outcomes and reducing malnutrition-related risks in patients on long-term respiratory support. As per market research, the respiratory and critical care market in India is valued at Rs 48,500 crores (about $5.8 billion) and is growing at a CAGR of 8.3%. With plans to expand its product portfolio and geographical footprint, the company aims to establish itself as a global leader in respiratory care, driving innovation, affordability, and accessibility in healthcare.

Related News

Contrails AI raises $1 Mn in pre-seed round from Huddle Ventures and IAN Group

EntrackrEntrackr · 29d ago
Contrails AI raises $1 Mn in pre-seed round from Huddle Ventures and IAN Group
Medial

Contrails AI raises $1 million in pre-seed round from Huddle Ventures and IAN Group. Trust and safety-tech AI startup Contrails AI has raised $1 million in a pre-seed funding round co-led by Huddle Ventures and IAN Group. The fresh funds will be used to fuel the US and EU pilots running across industries such as marketplaces, media houses, financial firms, and leading digital platforms, Contrails said in a press release. Co-founded by Digvijay Singh and Amitabh Kumar, Contrails AI aims to safeguard internet companies in the age of GenAI. The company delivers solutions trusted by marketplaces, media houses, financial services, and global digital platforms. According to the Bengaluru-based startup, it combines deep-tech innovation with multimodal AI expertise to engineer a compliance-ready safety infrastructure that safeguards digital ecosystems globally. By partnering with the companies in services and technology, the startup aspires to drive adoption of trust & safety solutions while building an interconnected, secure digital ecosystem. Contrails’s proprietary forensics and manipulation detection AI delivers real-time analysis with layered explainability, enabling platform review teams to detect, assess, and act on threats proactively. The platform tackles the threat of cyber crimes with a multimodal approach across video, image, audio, and text, merging fraud detection with forensic DNA analysis and global data expertise. As per market research, from 500,000 in 2023 to 8 million in 2025, deepfake files have grown 16-fold and due to phishing attacks resulted in losses of $17,700 every minute.

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