Medtech startup Cureous Labs raises Rs 1.66 crore to advance pressure injury prevention solutions

Cureous Labs, an innovative medical technology (medtech) startup focused on improving patient care and nursing efficiency, has raised Rs 1.66 crore in a seed funding round led by Inflection Point Ventures (IPV), with participation from Anthill Ventures.

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The startup plans to use the raised capital to manufacture the first batch of its flagship automated patient repositioning systems (Eturnal), build inventory, and scale commercial operations through strategic hiring in sales and business development.

The funding will also support the launch of its first disinfection Centre, enable product safety testing and certifications, and expand the product portfolio for B2B customers across India, the release notes.

Cureous Labs has developed what it calls India’s first retrofittable automatic patient repositioning system with advanced pressure relief, designed to help prevent bedsores and reduce caregiver injuries. Being priced at just 1/5th the cost of international alternatives, the solution becomes both accessible as well as cost-effective. The solution is built on more than 2 years of intensive clinical research and insight from across 100+ Hospitals in India and Australia.

The startup claims that its devices are deployed across hospitals, rehabilitation centers, and home care settings which showcases its real-world usage. With over 30,000 hours of usage and more than 14,000 automated patient turns, this technology has proven its credibility and impact. It is currently running an active B2B and B2C sales and rental pilots across South India.

“At Cureous, our mission is to create technologies that empower independent living. Eturnal™, our one-of-a-kind automated patient turning solution, helps prevent pressure injuries while reducing caregiver dependency and effort. We aim to build a portfolio of solutions for geriatric and long-term care. IPV’s early belief in our vision gives us the confidence and resources to scale Cureous into a category-defining company in this space,” said Asish Mohandas, founder and CEO of Cureous Labs.

“What drew us to invest in Cureous Labs is their commitment to the ‘Prevention is better than Cure’ idea. Around the world there are several bedridden patients suffering from pressure injuries, adding to the already existing ailments. Additionally, it also puts strain on the caregivers making it tedious and risky for them to care for the patients. Cureous Labs has used technology to ease the burden of care while making pressure injury prevention more affordable and accessible to organizations across the globe,” said Vinay Bansal, Founder, IPV.

The global market for pressure injury prevention and patient care is substantial, with over 1.1 billion people aged above 60 and 140 million over the age of 80, highlighting the growing need for elderly care solutions.

An estimated 154 million people worldwide are bedridden and at risk of developing pressure injuries, contributing to a global market size of $277 billion. In India, the Total Addressable Market (TAM) stands at $8.34 billion, with a Serviceable Available Market (SAM) of $1.56 billion and a Serviceable Obtainable Market (SOM) of $656 million.