Updated on 24 August 2012
Nish Chasmawala, co-founder and CEO, Consure Medical said, "Our focus at Consure Medical is to build a low cost, high quality product for the common man of India. Incontinence is not glamarous. Nobody talks about the problem, the pain and the agony of this benign condition. Our simple technology enables a family member to care for their loved ones in a dignified and hygienic manner. Doctors and nurses like our product because we prevent the spread of nosocomial infections and reduce operating costs. Our target market is significantly larger than we initially setout to accomplish. We are lucky to have investors and board members that have a solid background in building scalable and sustainable companies in India and abroad. ".
Rajesh Rai, CEO, India Innovation Fund who will join the board as India Innovation Fund nominee said, "Consure Medical is a very unique technology enabled startup. The company has developed a sophisticated medical device that can be positioned as a consumer centric consumable device. Cannibalizing the adult diaper market will be huge. The team has deep domain knowledge of the medical device industry. We look forward to help them scale-up and support them."
Consure Medical is one of the few early stage startups that have a significant angel investment. Ms. Padmaja Ruparel of IAN said, "We are sector agnostic and there is a wide variety in our deal flow. We move fast when we see something exciting irrespective of the stage of the company. IAN members include professionals and entrepreneurs with healthcare expertise. Medical device is an exciting vertical with tremendous potential. We look forward to helping them scale their business and enhancing their global competitiveness."