Zoho Corp invests $5 Mn in medtech startup Voxelgrids as part of larger healthtech goal
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Chennai and San Francisco-based software-as-a-service (SaaS) giant Zoho Corp has announced it has invested $5 Mn (INR 35 Cr) in Voxelgrids, an Indian healthtech startup that builds Magnetic Resonance Imaging (MRI) scanners as part of the enterprise tech unicorn’s larger healthtech strategy. Sridhar Vembu-led Zoho Corp will invest the amount in two tranches for a cumulative 25% stake in the company over a period of 18 months.