INDIA – Arcatron Mobility, a rapidly expanding consumer medical company, has secured growth capital from OrbiMed, a prominent global healthcare-focused investment firm.  

The investment aims to fuel Arcatron’s research and development (R&D) efforts, bolster product innovation, and strengthen branding and marketing initiatives.  

Notably, existing investors BL Taparia Family Office, Chona Family Office, MGA Ventures, and the founders of Arcatron also participated in this funding round. 

Under the flagship brand “Frido,” Arcatron specializes in providing mobility assist devices tailored to individuals with limited mobility.  

Their product range includes wheelchairs, orthopedic insoles, and ergonomic cushions designed to alleviate pain and enhance comfort. 

 These offerings are available across various leading e-commerce platforms, the company’s official website, and through a network of over 1,000 stores nationwide. 

The collaboration with OrbiMed marks a significant milestone for Arcatron, positioning it for accelerated growth and market expansion.  

Ganesh Sonawane, co-founder of Arcatron, expressed enthusiasm about the partnership, highlighting its potential to facilitate product development and widen customer outreach. 

OrbiMed’s commitment to Arcatron underscores its confidence in the company’s expertise in product development and marketing strategies.  

Sunny Sharma and Sumona Chakraborty from OrbiMed will join Arcatron’s board, further strengthening the partnership and facilitating strategic decision-making. 

Zydus group’s unveils US$602M investment plan 

In a separate development, the Zydus Group unveiled ambitious investment plans amounting to Rs 5,000 crore (about US$602 million) in Gujarat, spanning various sectors, including biotechnology, medical devices, and healthcare infrastructure.  

Chairman Pankaj Patel announced the group’s commitment during the 10th Vibrant Gujarat Global Summit. 

The investment will focus on pioneering initiatives in next-generation biotechnology products, new medical device ventures, and the establishment of state-of-the-art hospitals to bolster the healthcare ecosystem in Gujarat. Patel commended the leadership in Gujarat for fostering an environment conducive to business growth and innovation. 

Several other prominent entities, including Nayara Energy, Torrent Group, and Welspun Group, also announced substantial investment commitments during the summit.  

These investments underscore Gujarat’s appeal as a preferred destination for business expansion and economic development, further solidifying its position as a key player in India’s growth story. 

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