Monday, 26 February 2024

JITO Angel Network catalyses healthcare transformation with strategic investment in The RenalProject

Paving the way for transformative renal care solutions

JITO Angel Network (JAN), promoted by JITO Incubation and Innovation Foundation (JIIF), the only community-based angel network, has led the pre-seeding investment round for RenalProject. Renal Project secured undisclosed investment from JIIF and other marquee investors, including 100x VC, Gopi Latpate, Thapar Vision, and Angels.

The RenalProject, a Mumbai-based healthcare startup founded by Shashank Moddhia, is dedicated to revolutionising the availability and delivery of dialysis therapy, particularly in tier 2 & 3 cities.

The infusion of funds will be utilised to expand its technological infrastructure and implement pipeline projects, representing a significant step toward increased accessibility and efficiency in renal healthcare services. 

The company’s innovative approach involves setting up micro centres with scalable capacities starting from 2 beds and upwards, collaborating with existing medical facilities to ensure dialysis services are easily accessible where traditional centres are lacking. 

Shashank Moddhia, Founder, The RenalProject, said, "Funding from JIIF and others is vital for our growth stage, addressing the accessibility gap in dialysis services. Our micro-centres enable sustained dialysis therapy, minimising travel risks like infection and fatigue. With this funding, we're committed to reshape renal healthcare, ensuring accessible dialysis for all in need.”

Published on : 18th January, 2024