VC Fund Investments
Medical devices maker Nayam raises funding from Bharat Innovation Fund, IAN Fund, others
Pune-based Nayam Innovations Pvt Ltd, a ophthalmology focused medical device startup, has raised funding from IAN Fund and Bharat Innovation Fund. The Vinod Jain Family office, Sameer Desai (President of Zydus Cadila) and a few other angel investors also participated in this round. The funds will be used to complete human clinical trials to demonstrate the safety and efficacy of the technology and set the stage for launching the product in India as well as the US, Europe, Singapore, China, and Japan. Founded by Dr Julia Ann Kornfield, Dr Surendra Ponrathnam, and Tanuj Gigras, Nayam claims to have developed a technology platform that allows surgeons to customizse the intraocular lens either before or after surgery to neutralise refractive errors like astigmatism, myopia (near-sightedness), and hyperopia (farsightedness).
In May 2015, Nayam Innovations had raised over INR 50 lakhs from Villgro
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