Medtech startup MedVital raises Rs 18 Cr Growth funding from Alkemi Growth Capital

In a growth funding round headed by Alkemi Growth Capital, MedVital, a medtech startup with a focus on wound care and regenerative aesthetics, raised Rs 18 crore ($1.89 million).

Sanjay Arora, Shubhan Ventures, and current investors also participated in the round. 4point0 Health Ventures and other angel investors had previously contributed money to the company.

The money raised will be utilized to improve capabilities across devices, biomaterials, and biologics, expand operations, and speed up product development.

MedVital was established in 2024 and develops medical technologies for chronic skin conditions, regenerative aesthetics, and advanced wound care.

With its NoWound portfolio, which includes hospital-specific liquid bandage products and negative pressure wound therapy systems, MedVital presently operates in the advanced wound care market.

According to the brand, more than 200 Indian healthcare facilities have adopted it, and hospitals continue to use it.

Additionally, it has introduced Elyara, a line of regenerative aesthetics products that focus on non-invasive methods of skin and hair restoration.