SVASTEK, a medtech startup, has raised ₹2 crore in seed funding round from the IAN Angel Fund.
The funds raised will be used to launch the ALLTIP-enabled NIV mask across India, build a distributor network for seamless product availability, expand the clinical application team to educate and train healthcare professionals and drive awareness through medical conferences and targeted outreach programs.
Arita Abrol, Founder, SVASTEK, said, “We’re incredibly excited to have closed this round —it’s a huge step forward for SVASTEK. This investment isn’t just about capital; it’s a validation of the vision we’ve been building toward: creating impactful, innovative solutions that transform MedTech globally. These funds will allow us to expand our team, push the boundaries of innovation, and establish ourselves in this rapidly evolving industry. India is at the cusp of MedTech innovation, and various new initiatives like MedTech Mitra, BIRAC grants, Make in India & ICMR research projects have recently been introduced. The potential here is immense, and we are just scratching the surface of what’s possible. I’m deeply grateful to our investors for believing in this journey, and I can’t wait to see how SVASTEK continues to shape the future of healthcare.”
Padmaja Ruparel, Co-founder, IAN Group, said, “SVASTEK’s revolutionary ALLTIP-enabled NIV mask, which impacts critical respiratory issues. IAN is delighted to partner with the founders to build a business which will promises to bring a critical care solution to India’s healthcare industry.”
Founded in 2022 by Arita Abrol, SVASTEK is a healthcare startup that focuses on respiratory and critical care innovations with patented solutions designed for use in large hospitals, with a commitment to addressing gaps in current medical technologies.
The company’s flagship product, the ALLTIP Technology-enabled NIV mask, offers a pioneering solution for non-invasive ventilation combined with nutrition delivery, improving clinical outcomes and reducing malnutrition risks in long-term respiratory patients.
