|
Private Sector | Multi State - India | PID: 202990
|
US-based Zeda Holdings, which uses 3D printing to manufacture orthopaedic implants, plans to raise up to $200 million in capital for entering into India. For the foray, the company is exploring options including tie-ups with pan-India distributors, joint ventures, and acquisition of local medical technology companies.
A significant part of the proposed fund raise will be used for setting up multiple small of10,000-20,000 sq. ft. area, yet fully automated facilities in India to do metal 3D printing using advanced semiconductor device fabrication process to manufacture orthopaedic implants targeting trauma and spine surgeries. On the entry strategy, Zeda is being advised by Wodehouse Capital Advisors.
Zeda's focus in India will be on trauma implants, which account for about USD three billion of India's USD eight-billion orthopaedic implants market. It will use part of the capital for buying some local entities, setting up a local team, and the remaining half capital for building a factory.
| Updated on: 08 - Jun - 2024
|
|
|
|