About Lotus Surgicals
Lotus Surgicals is a company based in Mumbai (India) founded in 2005 by Mehernosh Daruwalla was acquired by Premji Invest in March 2023.. Lotus Surgicals has raised $10.54 million across 3 funding rounds from investors including Tube Investments of India, Premji Invest and Samara Capital. The company has 309 employees as of April 05, 2024. Lotus Surgicals offers products and services including Absorbable Sutures, Non-Absorbable Sutures, Surgical Meshes, and Haemostats. Lotus Surgicals operates in a competitive market with competitors including ClearFlow, Rejoni, Confluent Surgical, Advanced Medical Solutions and Endius, among others.
- Headquarter Mumbai, India
- Employees 309 as on 05 Apr, 2024
- Founders Mehernosh Daruwalla
- Stage Minicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Lotus Surgicals Private Limited
- Date of Incorporation 21 Oct, 2005
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$17.98 M (USD)28.48as on Mar 31, 2023
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Net Profit
$1.45 M (USD)-6.28as on Mar 31, 2023
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EBITDA
$2.6 M (USD)5.89as on Mar 31, 2023
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Total Equity Funding
$10.54 M (USD)
in 3 rounds
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Latest Funding Round
$1.07 M (USD), Series A
Mar 28, 2017
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Investors
Tube Investments of India
& 5 more
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Employee Count
309
as on Apr 05, 2024
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Acquired by
Premji Invest
(Mar 25, 2023)
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Products & Services of Lotus Surgicals
Lotus Surgicals offers a comprehensive portfolio of products and services, including Absorbable Sutures, Non-Absorbable Sutures, Surgical Meshes, and Haemostats. 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.
Dissolvable threads for wound closure in medical procedures.
Permanent threads for long-term wound support.
Materials for hernia repair and tissue reinforcement.
Products to control bleeding during surgeries.
Funding Insights of Lotus Surgicals
Lotus Surgicals has successfully raised a total of $10.54M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $1.07 million completed in March 2017. 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 3
- Last Round Series A — $1.1M
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First Round
First Round
(20 Apr 2010)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2017 | Amount | Series A - Lotus Surgicals | Valuation | Samara Capital |
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| Dec, 2015 | Amount | Series A - Lotus Surgicals | Valuation | Samara Capital | |
| Apr, 2010 | Amount | Angel Round - Lotus Surgicals | Valuation | Sweta Shah |
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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 Lotus Surgicals
Lotus Surgicals has secured backing from 6 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Tube Investments of India, Premji Invest and Samara 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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Private equity investments are managed across multiple sectors.
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Founded Year | Domain | Location | |
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location | |
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High precision tubes are manufactured for automobiles and bicycles.
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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 Lotus Surgicals
| 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 - Lotus Surgicals
| 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 |
Lotus Surgicals Comparisons
Competitors of Lotus Surgicals
Lotus Surgicals 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 ClearFlow, Rejoni, Confluent Surgical, Advanced Medical Solutions and Endius, 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 |
Anti-clogging technologies for medical drainage catheters are developed.
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| domain | founded_year | HQ Location |
Therapeutics for women's health conditions are developed using innovative hydrogels.
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| domain | founded_year | HQ Location |
Dural repair, surgical sealants, and adhesion barrier products are developed.
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| domain | founded_year | HQ Location |
Wound care products and surgical dressings are developed.
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| domain | founded_year | HQ Location |
Minimally invasive devices for spine surgery procedures are provided.
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| domain | founded_year | HQ Location |
Cardiovascular and endovascular devices are developed and marketed by Cordis.
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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 Lotus Surgicals
Frequently Asked Questions about Lotus Surgicals
When was Lotus Surgicals founded?
Lotus Surgicals was founded in 2005 and raised its 1st funding round 5 years after it was founded.
Where is Lotus Surgicals located?
Lotus Surgicals is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Is Lotus Surgicals a funded company?
Lotus Surgicals is a funded company, having raised a total of $10.54M across 3 funding rounds to date. The company's 1st funding round was a Angel Round of $447.62K, raised on Apr 20, 2010.
How many employees does Lotus Surgicals have?
As of Apr 05, 2024, the latest employee count at Lotus Surgicals is 309.
What is the annual revenue of Lotus Surgicals?
Annual revenue of Lotus Surgicals is $17.98M as on Mar 31, 2023.
What does Lotus Surgicals do?
Lotus Surgicals was founded in 2005 in Mumbai, India, as a developer in the medical devices sector. A range of products is produced, encompassing absorbable and non-absorbable sutures, hernia repair meshes, skin staplers, clip appliers, trans-obturator needles, sling systems, urinary incontinence prostheses, umbilical cotton tapes, temporary cardiac pacing wires, bone wax, endoscopic linear cutters, and hemorrhoid staplers. Operations focus on surgical innovations for healthcare applications.
Who are the top competitors of Lotus Surgicals?
What products or services does Lotus Surgicals offer?
Lotus Surgicals offers Absorbable Sutures, Non-Absorbable Sutures, Surgical Meshes, and Haemostats.
Who are Lotus Surgicals's investors?
Lotus Surgicals has 6 investors. Key investors include Tube Investments of India, Premji Invest, Samara Capital, Coomi Daruwalla, and Mehernosh Daruwalla.
What is Lotus Surgicals's valuation?
The valuation of Lotus Surgicals is $15.89M as of Mar 2017.
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