Bengaluru-based health-tech startup Pulse has raised $4m in a seed funding round led by 3one4 Capital, with participation from Incubate Fund Asia, Stride Ventures, and several angel investors.
The company said the fresh capital will be used to establish a dedicated research and development hub, accelerate product development, obtain regulatory certifications, and expand distribution across India.
Founded in 2025 by Anshul Sharma and Nishant Goel, Pulse is building what it describes as a full-stack, asset-light medical equipment manufacturing platform. The startup currently operates with a 25-member team and focuses on low- to mid-complexity medical devices and consumables.
The founders argue that despite India’s strong small and medium enterprise (MSME) manufacturing base, the country still imports nearly 80% of its medical equipment. They attribute this gap not to manufacturing capability but to fragmentation in design standards, quality systems, regulatory compliance and market access.
Pulse aims to address these challenges by aggregating MSME manufacturing capacity, standardising products and ensuring regulatory compliance while building a service-backed brand and distribution network. The company’s long-term goal is to create a horizontal original equipment manufacturer (OEM) serving both domestic and global markets.
In its initial phase, the startup is targeting mid-tier hospitals with 50–200 beds, focusing on segments such as critical care and renal care. It plans to expand into larger hospital chains and export markets over time.
Investors say India’s heavy reliance on imported medical devices presents a significant opportunity for locally built, globally compliant alternatives, particularly as healthcare demand continues to grow.
