About Grasp Bionics
Grasp Bionics is a company based in Bengaluru (India) founded in 2019 by Vinay V and Nilesh Walke. Grasp Bionics operates in a competitive market with competitors including Myomo, Proteor, BionicM, CIONIC and Epica International, among others.
- Headquarter Bengaluru, India
- Founders Vinay V, Nilesh Walke
- SectorsHealthcareTechnology
- Website graspbionics.com
- Social LinkedIn Facebook
- Legal Name Grasp Bionics Private Limited
- Date of Incorporation 01 Mar, 2019
- Jurisdiction Bangalore, Karnataka, India
- Annual Revenue₹26.4 Lakh
FY 2022 · +102% YoY
- Net Loss-₹6.9 Lakh
FY 2022 · -26% margin
- EBITDA-₹8.7 Lakh
FY 2022 · -33% margin
Associated legal entities of Grasp Bionics
Grasp Bionics operates through Grasp Bionics Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Grasp Bionics Private Limited CIN U29190KA2019PTC122063 | Active | 01 Mar 2019 | Bangalore, Karnataka | ₹0.3 Cr | – | 2 | View details |
Board of directors of Grasp Bionics Private Limited (Grasp Bionics)
Grasp Bionics Private Limited is the primary company behind Grasp Bionics. The board of Grasp Bionics Private Limited currently have 2 directors; the longest-serving is Rambhau Ukandrao Walke, appointed in 2023. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rambhau Ukandrao Walke DIN 10096648 | Additional Director | 31 Mar 2023 | 3 yrs 6 mo | Grasp Bionics Private Limited |
| Devadasa Lokeshwari DIN 10096831 | Additional Director | 31 Mar 2023 | 3 yrs 6 mo | Grasp Bionics Private Limited |
People of Grasp Bionics
2 people are tracked at Grasp Bionics (2 in leadership).
| Name | Role | Group |
|---|---|---|
Vinay V | Co-Founder | Leadership |
| Co-Founder | Leadership |
Complete people profiles for Grasp Bionics
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Financials of Grasp Bionics
Figures of Grasp Bionics Private Limited, the primary company behind Grasp Bionics, for FY 2022. Revenue was ₹26.4 Lakh (+102% year on year). Net loss was -₹6.9 Lakh (-26% margin). EBITDA was -₹8.7 Lakh (-33% margin).
- ₹26.4 LakhRevenue · FY 2022 · +102% YoY
- -₹6.9 LakhNet loss · -26% margin
- -₹8.7 LakhEBITDA · -33% margin
- ₹21,740Paid-up capital
Balance sheet, profit and loss, cash flow and ratios of Grasp Bionics Private Limited are on its company page.
Detailed financial statements for Grasp Bionics
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Competitors of Grasp Bionics
Grasp Bionics 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 Myomo, Proteor, BionicM, CIONIC and Epica International, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| myomo.com | 2004 | Boston, United States | $17.21M | 80 | Robotic arms are provided for mobility and rehabilitation support. | |
| proteor.com | 1913 | Dijon, France | – | – | Prostheses and orthoses devices are developed for orthopedic supports. | |
| bionicm.com | 2016 | Tokyo, Japan | $11.03M | – | Prosthetic legs assisting knee and ankle movements are developed. | |
| cionic.com | 2018 | Scotts Valley, United States | $32.25M | 34 | Bionic clothing is provided for mobility impairment support. | |
| epicainternational.com | 2014 | San Clemente, United States | $25.7M | – | Provider of robotic CT platforms for healthcare and industrial applications | |
| reev.care | 2021 | Toulouse, France | $12.44M | – | AI-powered exoskeletons and gait tools are developed for mobility recovery. | |
| bioliberty.co.uk | 2020 | Edinburgh, United Kingdom | $2.72M | 14 | Provides robotic assistance gloves for managing hand weakness. | |
| atomlimbs.com | 2019 | San Francisco, United States | – | – | AI-powered prosthetics restore physical abilities for users worldwide. | |
| psyonic.io | 2015 | Champaign, United States | $1.18M | 21 | Bionic limbs are developed for individuals with amputations. | |
| ossur.com | 1971 | Reykjavik, Iceland | – | – | Orthopedic bracing and support products are developed and sold. |
Detailed competitors of Grasp Bionics
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Similar companies to Grasp Bionics
10 companies that operate in the same segment as Grasp Bionics (Orthopedics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of high-frequency spinal cord stimulation implants | 2006 | Menlo Park, California, United States | USD 154.1 M | USD 353.08 M | 1,215 | |
Prosthetic and orthotic devices are developed for individuals with disabilities. | 1919 | Duderstadt, Lower Saxony, Germany | USD 17 M | USD 1.97 B | – | |
Developer of therapies for the treatment of musculoskeletal disorders | 2007 | Woburn, Massachusetts, United States | USD 62 M | USD 85.55 M | 692 | |
Developer of drugs for treating rare and autoimmune diseases | 2008 | Dublin, Ireland | USD 61.78 M | USD 617.41 M | – | |
Antibody-siRNA complexes are developed for cancer treatment. | 2012 | San Diego, California, United States | USD 142.54 M | USD 10.9 M | 391 | |
Smart surgical devices for spinal surgery are developed. | 1997 | San Diego, California, United States | USD 54.1 M | – | – | |
Robotic arms are provided for mobility and rehabilitation support. | 2004 | Boston, Massachusetts, United States | USD 17.21 M | USD 40.93 M | 185 | |
AI-powered drug discovery platform for various diseases | 2016 | New York, New York, United States | USD 608 M | – | – | |
Exoskeletons for medical rehabilitation and industrial productivity are provided. | 2005 | United States | USD 24.37 M | USD 71.6 M | 61 | |
Stabilization devices for healthcare are manufactured by the company. | 2005 | New York, New York, United States | USD 142.15 M | – | 43 |
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Frequently Asked Questions about Grasp Bionics
Grasp Bionics was founded in 2019.
Grasp Bionics is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind Grasp Bionics, Grasp Bionics Private Limited, reported revenue of ₹26.4 Lakh for FY 2022, up 102% year on year.
Grasp Bionics was established in 2019 in Bengaluru, India, within the bionics sector. Wearable distal arm prosthetics, such as the PURAK model, are developed. Myo-mechanical control systems are integrated, along with feedback mechanisms for analyzing grip strength. Adaptive grasping capabilities are included, supporting grip types like cylindrical, spherical, and pinch. Operations focus on prosthetic solutions for upper limb functionality.
Grasp Bionics's top competitors include Myomo, BionicM and Epica International.
Grasp Bionics operates through Grasp Bionics Private Limited.
The legal entities of Grasp Bionics currently have 2 directors, including Rambhau Ukandrao Walke, Devadasa Lokeshwari.