Zoho Corporation invests $5 mn in medical devices startup Voxelgrids

Voxelgrids' indigenous MRI technology provides a next generation, cost-effective alternative that enables healthcare facilities to save on capital and operational expenditure

Chennai-headquartered software development major Zoho Corporation has invested $5 million (Rs 35 crore) in Voxelgrids, a Bengaluru-based medical devices startup that manufactures magnetic resonance imaging (MRI) scanners.

"One of the pressing concerns for the Indian economy today is the lack of indigenous industrial know-how and manufacturing capabilities. A healthy deeptech ecosystem is vital to solving this issue and driving structural economic change. Voxelgrids is one of the few companies that is working to solve this problem with MRI machines entirely built in India. We need more such companies that can own and command this type of engineering know-how across different