SS Innovations buys Nasdaq-Listed AVRA Medical Robotics
- ByStartupStory | November 22, 2022
The Nasdaq-listed AVRA Medical Robotics has been purchased by the Indian medtech startup SS Innovations. Together, the two businesses will strengthen robotic surgery in India.
According to media sources, the corporation hopes to quickly raise $100 million to $200 million with this transaction. After a successful acquisition, the company, led by Sudhir Srivastava, is aiming for international markets. In order to make robotic surgery accessible and affordable, it also intends to collaborate with a number of public hospitals in India.
Srivastava, the founder, and CEO of SS Innovations, said in reference to the agreement, “As we know, 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 this. Moll, the father of robotic surgery, is associated with us. The vision he had some 25 years back is now being manifested in full-fledged expression.”
A surgical robotic system built in India called the SSI Mantra was introduced by SS Innovations with the goal of revolutionizing robotic surgery worldwide. The sophisticated system should make pricey robotic surgery more widely available.
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