SigTuple Secures INR 34.5 Cr to Fuel Expansion

Over the last few months, SigTuple has onboarded two medical device distributors as channel partners for sales and service in India

Healthtech startup SigTuple has successfully raised $4.3 million (INR 34.5 Crores) in a recent funding round led by existing investors, Endiya Partners, and Accel. The company intends to use the funds to expand its geographical reach and enhance its product portfolio.

Founded in 2015 by Tathagato Rai Dastidar, Rohit Kumar Pandey, and Apurv Anand, SigTuple focuses on developing a comprehensive product that automates all forms of microscopy performed in clinical laboratories.

Recently, the startup has established partnerships with two medical device distributors, Horiba Medical and Genworks Health, for sales and service in India. Additionally, SigTuple has teamed up with a local distributor, Tawada Healthcare, to expand its presence in Indonesia.

In its expansion strategy, SigTuple aims to forge new partnerships and launch products in key markets, including Southeast Asia, the Middle East, Europe, and North America.

The company's CEO, Tathagato Rai Dastidar, expressed their transformational year with significant product enhancements, new additions, and strong customer traction. He highlighted their plans for global expansion in 2023.

Since its inception, SigTuple has raised a total of $46.2 million in funding. The Indian medical diagnostics market, currently valued at $11 billion, is witnessing rapid growth at a rate of 16% year-over-year. According to Inc42, the healthtech market in India is expected to reach $21 billion by 2025.