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Read more about Axio Biosolutions raises $7.4 mn from Ratan Tata-led RNT Capital, others on Business Standard. Axio Biosolutions is catering to the Indian Armed Forces, BSF, NSG, para-military forces, hospitals and emergency services not only in India, but across the globe

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axio biosolutions raises 7 4 mn from ratan tata

Axio Biosolutions raises $7.4 mn from Ratan

Tata-led RNT Capital, others

Ratan Tata-led firm RNT Capital along with Accel Partners and IDG Ventures India

have invested $ 7.4 million in a medical technology firm Axio Biosolutions which

claims to have supplied emergency bleeding control solution to Indian armed

forces during surgical strike.

Axio Biosolutions on Friday said that it has "raised $ 7.4 million in a series B

funding round led by Ratan Tata's RNT Capital along with existing investors Accel

Partners and IDG Ventures India."

The first-aid dressing done with help of Axiostat stops uncontrollable bleeding

within just 2-3 minutes of its application, thus saving lives, the statement said.

Axio Biosolutions' has developed CE-approved Axiostat that has prevented

countless deaths due to haemorrhage and grievous injuries and claims that it was

used by Indian armed forces during surgical strike in 2016.

axiostat is the de facto product of indian armed

"Axiostat is the de-facto product of Indian armed forces after being used in

surgical strike to save life of solider and is now an essential part of their field kit.

Catering to the Indian Armed Forces, BSF, NSG, para-military forces, hospitals and

emergency services not only in India, but across the globe, the statement said.

Axio plans to use the funds for expansion to new markets, while continuing to

work on high-impact medical products.

Headquartered in Boston, Axio Biosolutions has its corporate office in Bengaluru

and a manufacturing facility in Gujarat.

Article By - Business Standard