Blitz Bureau
NEW DELHI: US-based cancer detection startup Navaux on July 25 announced receiving fresh funding, which it said, will play a pivotal role in entering the Indian market. The life science company secured an undisclosed investment from angel investor Karna D. Shinde.
This comes as India is rapidly emerging as a hub for health-tech innovations, a trend highlighted by Finance Minister Nirmala Sitharaman’s recent announcement in the Union Budget 2024-25, which offers relief to cancer patients by exempting three crucial cancer treatment medicines from customs duty.
“This investment will play a pivotal role in helping Navaux, a company specialising in early cancer detection technology, establish connections within the Indian healthcare industry as they prepare to introduce their cutting-edge solutions to the Indian market,” the company said in a statement.
