Sunfox raises $7M Series A for Spandan ECG
By Abha Lohia ·
- Sunfox, based in Dehradun, makes Spandan, a pocket-sized medical-grade ECG device used in clinics, hospitals and homes
- It has closed a $7 million Series A, co-led by Ashish Kacholia, Lashit Sanghvi, Alchemy Capital and 3one4 Capital
- The money will go towards wider Indian reach, global sales plans, a bigger team and continued research and development
What happened
- Sunfox raised a $7 million Series A, about ₹67 crore.
- The round was co-led by four investors.
- Funds target India expansion and global sales.
- Money also goes to research and hiring.
- Earlier it raised ₹15 crore in a pre-Series A in August 2024.
Why it matters
- Cardiac care needs cheap early screening outside big hospitals.
- Portable ECG lets tests happen near the patient.
- The round funds a move from a niche product to a wider platform.
The business
- Sunfox builds portable, AI-enabled health devices.
- Its main focus is cardiac diagnostics.
- The Spandan series records medical-grade ECGs.
- Users include hospitals, clinics, telemedicine networks and homes.
- The device can flag heart patterns that need a doctor's attention.
The founders
AJ
Arpit Jain
Co-founderSB
Saurabh Badola
Co-founderNC
Nitin Chandola
Co-founderSR
Sabit Rawat
Co-founderWho put in money
- Ashish Kacholia Co-lead
- Lashit Sanghvi Co-lead
- Alchemy Capital Co-lead
- 3one4 Capital Co-lead
- Venture Catalysts Led earlier pre-Series A
What happens next
- Scale across India
- Build global go-to-market
Earlier rounds
- Pre-Series A: ₹15 crore, August 2024
- Series A: $7 million, October 2026
Other articles talking about it
Terms in this story
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Series A: Series A is usually the first large round a startup raises from venture capital funds, after it has shown that people want what it sells.
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