CIIE @ IIMA invests in Healthcare startups - Mobident and Zeolr

The Centre for Innovation, Incubation and Entrepreneurship (CIIE), Indian Institute of Management-Ahmedabad has invested undisclosed amounts in two healthcare start ups - Doux Dentistry under the brand names Mobident,and Zeolr.

Zeolr, the Internet of Things- based healthcare startup is developing solutions to aid in better management of chronic diseases by patients and availability of information to physicians for regular supervision, revision and reinforcement. RespirON, the flagship product from Zeolr, is a comprehensive modern approach to help asthmatic and other patients and physicians come up with the best plan for managing their conditions. It is a three-tier system that includes a device and a smartphone application (compatible with Android, iOS and Windows) connected to the cloud server that helps patients and physicians consistently monitor and manage their condition. The Zeolr team consists of two engineers, who began working on their dream venture right from college, said one of them, Roshit Gopinath, CEO.

Doux Dentistry, Founded by Dr. Devaiah, a dentist, and Vivek Madappa, a serial entrepreneur, already has presence in Bengaluru, Pune, Mysore, and Ahmedabad. Lack of awareness and the consequence of neglecting dental health among the population are the barriers it wants to address. Mobident’s “dental clinic in a suitcase” is an asset-light model designed to address the core challenges of dental care industry such as high cost of dental services in India. Its first-of-its-kind model is one tenth the cost of setting up a new clinic and provides almost all the dental diagnostics and corrective procedures that are available in a dental clinic at the comfort of homes, offices, schools and hospital OPDs.

With healthcare innovation being one of CIIE’s focus areas, at present its healthcare portfolio consists of nine startups across medical devices, e-Health, health-education and home care. These startups have enjoyed market response and continue to receive strategic advisory and mentoring support from CIIE, said J. Salim Vali, Vice President (Investments), CIIE and an IIMA alumnus.