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Healthtech startup Fibroheal Woundcare raises Rs 6.3 Cr in pre-Series A

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Silk proteins-based medical devices startup Fibroheal Woundcare has raised Rs 6.3 crore in its pre-Series A round from existing promoters and new investors, including surgeons, medical professionals, and bankers. The company also has an additional commitment of another Rs 10 crore from existing and some new investors. The proceeds will be used to ramp up its go-to-market strategy, recruit more people, and invest in its product pipeline in the medical devices segment. Founded in 2017 by Vivek Mishra and Bharat Tandon, Fibroheal’s products are used in more than 500 hospitals across India and are present in over 19 states. The company has also branched out to selling its products on various e-commerce platforms. The company’s product line, which includes foams, mesh, and powders, among others, is used to heal different types of acute, chronic, traumatic, post-operative, non-healing, or difficult-to-heal wounds like bed sores or infected C-section wounds, among others. Fibroheal has previously raised funds from existing promoters Telama Investments, CCAMP and KITVEN.