“This acquisition will enable us to further strengthen our efforts to make in-care testing available everywhere in India, including in a remote village,” Managing Director of MyLab Discovery Solutions said. Hasmukh Rawali said.
He said that the point-of-care lab will prove to be a game-changer in the field of diagnostics.
However, the company did not share any financial details regarding the stake acquisition.
“Through our IoT-based PoC system, Swayam, we are striving to leverage technology to create easy access to basic healthcare at an affordable cost. We look forward to working closely with MyLab to help point- to make available off-care testing. Countries,” SanskritTech Founder Pritam Kumawat says
Also read tech news of the day
Sony, which launched its innovation fund five years ago to invest in early-stage startups around the world, is now setting up a venture capital arm that will exclusively invest in Indian startups, sources told us.
read now
The Sansktitech team will continue to operate as a separate entity under the aegis of Mylab. MyLab plans to install more than 1,000 care systems over the next two years and begin deployment of these systems with laboratory partners in early November 2021, the statement said.