India, Sept. 26 -- image credit- shutterstock

Hyderabad-based Bartronics India Limited (BIL), a listed technology and services company, has announced a strategic investment of up to Rs 50 crore in Huwel Life Sciences, a molecular diagnostics startup, also based in Hyderabad.

Under this Memorandum of Understanding (MoU), BIL will acquire a 15% equity stake in Huwel, bringing together its scaling expertise with Huwel's innovation capabilities to accelerate India's health goals. BIL also holds an option to increase its equity stake by an additional 15%".

Huwel Life Sciences has developed more than 100 validated diagnostic products across tuberculosis (TB), infectious diseases, antimicrobial resistance, viral threats, genetic disorders, an...