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Marico Innovation Foundation and Villgro, a social enterprise incubator, have invested an undisclosed amount in Bengaluru-based medical technology start-up Yostra.
Yostra Labs, which has developed two devices to diagnose and treat complications arising out of diabetes, will use the money to complete the clinical validation of the products, Beta test them and manufacture them.
According to Vinayak Nandalike, founder of Yostra, the company has developed a diagnostic device called Sparsh for diabetic peripheral neuropathy and a treatment device called Kadam for diabetic foot ulcers. Both these are in the clinical validation phase. While Sparsh has been given to the first set of doctors for validation, Kadam will shortly be given to St John’s Medical College Hospital for testing. “This money will help us to manufacture the devices,” he said.
Yostra, founded in August 2014, has been bootstrapped till now. It got a ₹47-lakh grant from the government. A significant portion of the investment would go into building a team that could continue to build more innovative devices.
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