Jaipur-based healthcare startup NeuroEquilibrium Diagnostics Systems, which develops diagnostic systems for vertigo, and balance disorders clinics, has raised $250K in Pre-Series A round of funding. The investment is led by Unicorn India Ventures, a Mumbai-based VC with INR 100 Cr fund corpus.
The company is looking at raising another $2 million in Series A soon.
Founded in April 2016 by couple Anita and Rajneesh Bhandari, along with Kolkata-based Vertigo specialist Anirban Biswas, NeuroEquilibrium is developing a suite of diagnostic systems for patients suffering from vertigo, dizziness, and balance disorders.
According to reports about 20-40% of the population is affected by dizziness at some time in their life, and with 5% suffering from vertigo in any given year, approximately 60 million Indians are affected by this condition. The plan is to transform this domain in the healthcare sector through disruptive cognitive computing, machine learning, high-speed imaging tech through cloud technology?, the company said in a statement?.
Rajneesh Bhandari, Founder, NeuroEquilibrium, says, “The mission of to treat 1 million patients by 2021 and 5 million in the next 10 years through our indigenously developed world-class diagnostic equipment and the 125 specialized vertigo and balance clinics we are setting up across India and beyond. We have also received interest from overseas, including from Bangladesh, Nepal, Africa, and CIS countries?.”