SucSEED Indovation Fund, backs another HealthTech platform FeetWings
The funding will help the Start up enhance it’s development of cost effective and easy-to-use management tools to help diabetics lead
a better life.
Smart textile based healthcare assistant, FeetWings secured 1.1 Crore from a round led by SucSEED Indovation Fund and supported by Friends of PadUp and Elina Capital.
FeetWings was started in November 2020, by two 3rd year students of Netaji Subhash University of Technology and an obesity specialist, with the aim of making a pain free & affordable alternative for measuring blood glucose levels along with a system that alerts diabetics with other associated ailments such as foot ulceration and peripheral neuropathy with help of machine learning & AI.
FeetWings introduces a smart healthcare assistant that continuously monitors patient’s vitals such as foot temperature and blood glucose non-invasively through its Smart Socks, providing a completely “prick-free” solution to continuous blood glucose monitoring thus yielding ease of trend review. The Socks are powered by a newfangled fabric as seamless as your ordinary wool or cotton yarn, which we call the FeetWings Smart Yarn. In addition to this, the socks provide early warnings to possible manifestations of foot ulcers and early alerts for the progression of neuropathy, the precursor to ulceration, so that the user has a head start on their journey to curing this crippling ailment.
Feetwings is co-founded by Dr. Siddhant Bhargava, Hrithik Jaiswal and Animesh Kumar. Dr. Bhargava is a lifestyle medicine-obesity specialist & celebrity nutritionist while Hrithik and Animesh are 3rd year biotechnology students from NSUT, Delhi. Their past experience has helped them in understanding the real pain points in current solutions and after witnessing the horrifying outcome of diabetes, they cemented their thoughts on the pressing need of coming up with a holistic solution for diabetics.
Dr. Siddhant Bhargava, the co-founder of FeetWings said-
“A diabetic faces numerous challenges on a daily basis. The mental trauma of constantly worrying about one’s health is extremely exhausting and stressful. FeetWings targets such pain points, alleviating the users from the constant state of worry. This seed fund shall help us in product development and refining our algorithms bringing us closer to achieving this goal. ”
Speaking on investing in FeetWings, Vikrant Varshney, Co-Founder & Managing Partner of SucSEED Indovation Fund said, “According to the WHO, currently there are around 450 million cases of diabetes in the world, and the number could potentially reach 700 million by 2045, with India quoted as ‘Diabetic capital of the world’. There is significant demand for a non-invasive glucose monitor, as most of the diabetic patients hate pricking their fingers multiple times each day to monitor their blood sugars as part of preventive care. There is a huge TAM, SAM, SOM in this space and we wanted to support. FeetWings, in their formative years; as they develop an affordable wearable technology towards early detection & prevention of diabetic complications, with the help of remote & continuous monitoring. They have a great team with motivated founders and amazing mentors to progress towards their goal of making diabetic monitoring affordable in Bharat.”