Healthtech startup SigTuple raised $4.3 million in fresh led by its existing investors Endiya Partners and Accel. The funds will be used to expand the startup’s geographical footprint and product portfolio.
SigTuple is working to create a product that addresses and automates all forms of microscopy used in clinical laboratories. The company also intends to enter the point-of-care market using microfluidic technology and imaging to speed up the processing of critical tests. Partnerships and product launches are planned as part of its expansion plans in key markets such as the SEA, MENA, Europe, and North America. India’s medical diagnostics market, currently pegged at $11 billion, is growing at a rate of 16% year-over-year. As per a report, the country’s healthtech market is expected to touch $21 billion by 2025.