Ray IOT Solutions operates in the healthcare sector and builds a non-contact breathing and sleep tracker for infants. The company's core product is a sensor-based, non-contact tracker designed to monitor babies' breathing and sleep. Info Edge's wholly owned subsidiary Redstart Labs (India) has agreed to invest in the company, acquiring Series Seed A-5 preferred stock. Redstart will purchase 1,122,019 Series Seed A-5 Preferred Stock for about $400,000 at the applicable exchange rate. Post-investment, Info Edge's aggregate holding through Redstart would be 12.6% on a fully converted and diluted basis. Redstart's board approved the follow-on investment on October 11, 2023 as part of Info Edge's medium- to long-term value-creation investment strategy.

Total raised

$0M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2023