Noccarc, a startup specializing in medical devices, secures $2 million in funding with the main investment led by IAN (Indian Angel Network).

Noccarc, a startup in the medical devices sector, has secured $2 million in a fresh funding round led by Indian Angel Network (IAN), with participation from IIT Kanpur, SIDBI, and TDB. Sunil Munjal, Chairman of Hero Enterprises, also joined as a notable investor in this round.

The funding will be utilized to bolster Noccarc's growth trajectory and broaden its range of products. The company aims to channel the funds into research and development efforts, enhance market outreach, improve customer service, and establish sales and distribution networks in key urban centers.

Founded by Harshit Rathore, Noccarc specializes in designing and producing critical care medical equipment such as ICU ventilators and patient monitors. Additionally, it offers a digital platform enabling doctors to remotely access device data and digitize records, with plans to incorporate AI-based services in the future.

With a robust research and development division, Noccarc is ambitiously diversifying its product offerings, initially focusing on critical care. The company holds seven patents and has filed for 19 more patents for its innovative technologies. Recently, it obtained a license from CDSCO, permitting the manufacture and sale of regulated products in India.

Having supplied over 3,600 ventilators across India and collaborating with various hospitals, Noccarc is now looking to expand its product range with the aim of entering the global market.