Bengaluru-based healthtech startup Akna Medical has raised ₹54 crores in Series A funding round from India-focussed impact investment arm of LGT Lightstone – LGT Lightstone Aspada.

The startup plans to use the funding scale up its operations across India within the next two years and enhance its technology as well as for analytics.

Founded by Saurabh Pandey and Mahadevan Narayanamoni, the startup aims to streamline the delivery of healthcare equipment in India. Akna Medical is using data and analytics to solve the problem of lack of transparency in the movement and consumption of healthcare products.

Akna’s proprietary analytics platform SmartBuy offers category-specific procurement solutions to leading healthcare organizations across categories including surgical equipment and pharmaceutical products. The startup counts hospital chains like Fortis, Cloudnine, Medanta and Max Healthcare as its clients.

Amidst the coronavirus pandemic, investors are sanguine on startups in the healthcare and healthtech sector. A lot of healthtech startups are stepping in and helping the traditional healthcare system to fight coronavirus.

Recently, MedGenome, Bengaluru-based healthtech startup has raised ₹385 crores from LeapFrog Investments, Sequoia Capital and Sofina. Pune-based MyLabs also raised ₹1 crore grant from Action COVID-19 Team (ACT). MyLab became the first company to develop an indigenous COVID-19 testing kit.

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