Medilytix Bureau:

Chennai-headquartered software firm Zoho has invested Rs 35 crore in the Bengaluru-based medical devices startup Voxelgrids, which manufactures Magnetic Resonance Imaging (MRI) scanners.

The investment will be done in two tranches and Zoho will get 25 percent stake in the firm over the period of two years.
For Zoho, this is the latest in the series of investments it has made in the healthcare sector. The other companies Zoho has invested include vTitan, and SignalChip. Over the years has made a total investment of Rs 250 crore in critical R&D projects.

“Our mission is to invest in critical technology know-how in India. This fits very well with that mission. We have a medical devices company vTitan, which has started shipping products already. So Zoho has experience with medical devices,” Sridhar Vembu, co-founder & CEO of Zoho, told media persons on September 7, announcing the investment in Voxelgrids.

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