SS Innovations, an Indian medtech start-up, has acquired Nasdaq-listed AVRA Medical Robotics. Both companies will work hand-in-hand to strengthen robotic surgery in India.
With this acquisition, the company aims to raise $100-200 million rapidly, a Moneycontrol report cited.
Helmed by Sudhir Srivastava, the company is targeting global markets after the successful acquisition. It also wants to tie up with various public hospitals in India to make robotic surgery affordable and accessible.
Talking about the deal, Srivastava, founder and chief executive officer of SS Innovations said, ”As we know that the future of Medtech lies in the precision of surgery and this acquisition will help us to bring this 'Make in India' technology to a global platform. We are happy to have personalities like . Moll, the father of Robotics Surgery associated with us. The vision he had some 25 years back is now being manifested in full-fledged expression."
SS Innovations launched SSI Mantra, a surgical made-in-India robotic system that aims to transform robotic surgery globally. The high tech system is expected to make expensive robotic surgery more accessible to all.