Unitus Capital advises Forus Health on raising $5 million from Accel Partners & IDG Ventures in India
Bangalore, April 26, 2012: Bangalore-based affordable medical technology and solutions company Forus Health Pvt. Ltd. (Forus) has successfully raised Series A funding of $5 million from two leading venture capital funds, Accel Partners and IDG Ventures India. Unitus Capital was the sole advisor to Forus for the transaction. This is big news for the Healthcare Startup Eco-system in India and validates the innovation which Forus has brought in our market. Leveraging Cloud, Tele-medicine and Data Center facilities, Forus represents the coming of age of the Web 2.0 version of Indian Healthcare.
Forus’ mission is to address the healthcare delivery issues in the developing world through innovative and inclusive product design, and service deployment. Its flagship product 3nethra, a portable, low cost, non-mydriatic, non-invasive pre-screening ophthalmology solution, can detect Cataract, Glaucoma, Diabetic Retina, Refraction and Cornea problems – diseases that contribute to 90% of avoidable blindness in India.