Bangalore-based affordable medical technology and solutions company Forus Health Pvt. Ltd. (Forus) has raised Series A funding of $5 million from two leading venture capital funds, Accel Partners and IDG Ventures India.
Forus’ mission is to address the healthcare delivery issues in the developing world through innovative and inclusive product design, and service deployment. Its flagship product 3nethra, a portable, low cost, non-mydriatic, non-invasive pre-screening ophthalmology solution, can detect Cataract, Glaucoma, Diabetic Retina, Refraction and Cornea problems – diseases that contribute to 90% of avoidable blindness in India. 3nethra can be operated by a minimally trained technician, and can be deployed in remote areas.
Forus is led by Dr. Shyam Vasudeva Rao and K Chandrasekhar. Dr. Shyam holds a doctorate from IISc and was previously the Director Technology, Philips Healthcare at Phillips Innovation Center, Bangalore. Chandrasekhar, an alumnus of IIMC and BITS, Pilani, was previously the Director of Strategy at NXP Semiconductors.