Orios Venture Partners has led a Rs.11.75 crore funding round in health-tech device maker BeatO, a transaction that has also seen the participation of the Delhi-based venture’s existing backers Blume Ventures and Leo Capital. Proceeds from the pre-Series A round of funding will be used by three-year-old BeatO to expand the product line for its flagship glucometer, as well as into the FMCG and retail categories. The startup will also use a significant portion of the capital raised to invest further in R&D, platform upgradation for auto-suggestions basis blood sugar readings, and product development.

(ET Tech)