Medical equipment startup Pulse has raised $4 Mn (about ₹36.38 Cr) in its seed funding round led by 3one4 Capital, with participation from Incubate Fund Asia, Stride Ventures, and angel investors like founders of Blackbuck and Agrizy.
The Bengaluru-based startup, which aims to build a Zetwerk-like platform for medical equipment, said it will utilise the fresh funds to set up an R&D hub, speed up product development, obtain regulatory approvals, and expand its distribution network across India, it said in a statement. Some capital will also be used setting up a distribution network in select export markets.
Founded in 2025 by Anshul Sharma and Nishant Goel, Pulse aims to build a full-stack, asset-light medical equipment brand that designs, sources, and delivers affordable, globally compliant products at scale. Pulse partners with Indian MSMEs to manufacture medical equipment, while it takes care of product design, quality systems and regulatory compliance.
The startup currently works with nearly 20 MSMEs across Delhi NCR, Jammu, Gujarat, Kolkata, and Mumbai to manufacture medical equipment like blood tubing sets and anaesthesia machines.
It currently has a 25-member team and is initially targeting mid-tier hospitals with 50-200 beds across India, offering products in select categories such as critical care and renal care. Over time, the startup plans to expand into larger hospitals and corporate chains while broadening its portfolio across additional medical specialties and deepening offerings within each category. Going ahead, it also aims to export medical equipment.
The funding comes at a time when India’s medical devices industry is expected to reach a size of $50.1 Bn by 2030 from $15.2 Bn in 2025, clocking a 26.9% CAGR, according to a report by Rubix Industry Insight. Despite this, India imports nearly 80% of its medical equipment. It is this opportunity that Pulse is looking to capitalise on.
Notably, the country’s overall healthtech mark is expected to clock a 39% CAGR to cross the $37 Bn mark by 2030. While Indian healthtech startups raised close to $700 Mn in funding in 2025, the number of deals plunged to 54 from 78 in 2024. Investors are looking for solutions with proven adoption, repeat usage, and measurable clinical or operational impact before backing startups in the sector.
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