In a Series A fundraising round led by Blume Ventures, Zoplar, a platform aimed at improving the process of small and medium-sized hospitals’ acquisition of medical equipment, has raised $3.4 million. Beenext, Saison Capital, Atrium Angels, Finfirst, and LogX also participated in the round.
Titan Capital, Stride Ventures, and Panthera Peak have contributed a total of $5.1 million to the company’s fundraising efforts.
According to a news statement from Zoplar, the money raised will be used to build a strong service engineering team and improve operational skills by concentrating on supply chain backward integration.
The full-stack medical equipment platform Zoplar, which was co-founded in 2022 by Amit Sah and Umesh Sharma, tackles major issues that MSME hospitals deal with, such as the difficulties of finding products at the best prices, overseeing several vendor relationships, guaranteeing excellent after-sales care, and obtaining financing options.
According to Zoplar, the company has partnered with over 300 institutions since its founding, including well-known nephrology networks like DCDC, and has seen tremendous growth in the industry.
With a 40% rate of recurring business, the Gurugram-based business highlights the industry’s need for high-quality medical equipment.
