About Futura Surgicare
Futura Surgicare is a company based in Bengaluru (India) founded in 1994 by Alur Dronachala Setty.. Futura Surgicare has raised $25 million across 1 funding round from investors including Jashvik Capital. The company has 372 employees as of April 06, 2024. Futura Surgicare offers products and services including Sutures and Wound Closure Products. Futura Surgicare operates in a competitive market with competitors including Sutures India, Promamec, Ethicon, Sharp Fluidics and VESTECK, among others.
- Headquarter Bengaluru, India
- Employees 372 as on 06 Apr, 2024
- Founders Alur Dronachala Setty
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Sectors
Healthcare
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Phone
*********
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Website
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Social
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- Legal Name Futura Surgicare Private Limited
- Date of Incorporation 12 Aug, 1994
- Jurisdiction Bangalore North, Karnataka, India
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Annual Revenue
$8.85 M (USD)49.53as on Mar 31, 2023
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Net Profit
$2.03 M (USD)30.35as on Mar 31, 2023
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EBITDA
$2.4 M (USD)33.98as on Mar 31, 2023
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Total Equity Funding
$25 M (USD)
in 1 rounds
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Latest Funding Round
$25 M (USD), Series B
Jun 24, 2024
- Investors
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Employee Count
372
as on Apr 06, 2024
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Products & Services of Futura Surgicare
Futura Surgicare offers a comprehensive portfolio of products and services, including Sutures and Wound Closure Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Medical devices for surgical wound closure and healing
Items for managing surgical wounds with sterilization
Funding Insights of Futura Surgicare
Futura Surgicare has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series B round of $25 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series B — $25.0M
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First Round
First Round
(24 Jun 2024)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2024 | Amount | Series B - Futura Surgicare | Valuation | Jashvik Capital |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Futura Surgicare
Futura Surgicare has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Jashvik Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Sustainable funds are invested in healthcare and consumer brands.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Futura Surgicare
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Futura Surgicare
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Futura Surgicare Comparisons
Competitors of Futura Surgicare
Futura Surgicare operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sutures India, Promamec, Ethicon, Sharp Fluidics and VESTECK, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Surgical sutures and disposables are manufactured for medical use.
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| domain | founded_year | HQ Location |
Developer of surgical equipment
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| domain | founded_year | HQ Location |
Specializes in surgical sutures and wound closure devices.
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| domain | founded_year | HQ Location |
Suture needle management systems are developed for safe surgical infusion.
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| domain | founded_year | HQ Location |
Developer of a device for the treatment of aortic aneurysms
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Futura Surgicare
Frequently Asked Questions about Futura Surgicare
When was Futura Surgicare founded?
Futura Surgicare was founded in 1994 and raised its 1st funding round 30 years after it was founded.
Where is Futura Surgicare located?
Futura Surgicare is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Who is the current CEO of Futura Surgicare?
Dakshna Moorthy is the current CEO of Futura Surgicare.
Is Futura Surgicare a funded company?
Futura Surgicare is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series B of $25M, raised on Jun 24, 2024.
How many employees does Futura Surgicare have?
As of Apr 06, 2024, the latest employee count at Futura Surgicare is 372.
What is the annual revenue of Futura Surgicare?
Annual revenue of Futura Surgicare is $8.85M as on Mar 31, 2023.
What does Futura Surgicare do?
Futura Surgicare was founded in 1994 in Bengaluru, India, within the medical devices sector. Wound closure products and sterile sutures are produced using a Class 10,000 cleanroom and in-house sterilization processes. A dedicated quality control laboratory is maintained to uphold standards. Development of products is guided by research efforts tailored to surgical requirements, with operations overseen by qualified staff.
Who are the top competitors of Futura Surgicare?
Futura Surgicare's top competitors include Sutures India, Promamec and Sharp Fluidics.
What products or services does Futura Surgicare offer?
Futura Surgicare offers Sutures and Wound Closure Products.
Who are Futura Surgicare's investors?
Futura Surgicare has 1 investor. Key investors include Jashvik Capital.