Hotline: 1800 102 2007
Hotline: 1800 102 2007
Jul, 10 2018

1Crowd, Birac Seed Fund invest in implant maker SynThera

India-specific data on the bone grafts and substitutes market is not available but the global size was pegged at $2.4 billion in 2016, according to a research report by Grand View Research.

1Crowd, Birac Seed Fund invest in implant maker SynThera

Implant maker SynThera Biomedical Pvt. Ltd has raised an undisclosed amount from equity crowd-funding platform 1Crowd and the government’s Biotechnology Industry Research Assistance Council (Birac) Seed Fund.

The seed investment will help the company expand and launch its first line of products in the market, said Nilay Lakhkar, founder and chief executive of SynThera.

The company’s flagship products — SynOst and PoroSyn — are used in dental and orthopaedic surgeries as implants for repair and regeneration of bone.

The funding will also help the company further develop and test its patented bone-graft product line, Lakhkar added.

SynThera was founded in 2015. Before starting the company, Lakhkar was a postdoctoral researcher at Germany-based Helmholtz Zentrum Geesthacht Zentrum für Material- und Küstenforschung GmbH, according to his LinkedIn profile.

India-specific data on the bone grafts and substitutes market is not available but the global size was pegged at $2.4 billion in 2016, according to a research report by Grand View Research. The report also said that the market is expected to grow at a compound annual rate of 5.5%. Developing economies such as India and China are expected to contribute to market growth in the Asia-Pacific region, it had added.

Venture capital firms have been investing in medical products makers such as Accel-backed Consure Medical Pvt Ltd, whose flagship product is used for the management of faecal incontinence in bed-ridden patients; and IDG Ventures India-backed Forus Health Pvt. Ltd, which makes ophthalmic imaging devices.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Foreign Language Coaching
    About Café Converse - The shortest path to a real-life conversation We,..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Amusement Centres
    About Us: Chi Chi’s SkyJumper is a new-age sensation in the field..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Quick Service Restaurants
    About Us: Incorporated in 2012, Munchies Bite is all about midnight..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • Pet Stores
    About Us: Pets Empire manufactures, import and export pet products and..
    Locations looking for expansion Delhi
    Establishment year 1997
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities