RMB advises Futura Surgicare on US$25m equity investment from Jashvik Capital

The requirement

Futura Surgicare, a Bengaluru-based manufacturer of wound closure and surgical consumables and devices had achieved a critical mass, catering to a vast 10,000+ hospital network spread across 26 states in India, with regulatory authorisation to sell its products in 70+ countries globally. Futura Surgicare served this requirement through nearly 400 employees and a world-class manufacturing facility in Bengaluru.

Futura Surgicare identified the need for financial backing from like-minded partners to scale their innovative solutions and expand their market reach. It endeavored to build a product portfolio across multiple specialty areas, drive organic and inorganic growth, and deliver access to affordable and high-quality medical products to its customers.

The RMB solution

RMB was chosen as the financial adviser for Futura Surgicare. RMB sourced an investor for Futura Surgicare in the form of Jashvik Capital, a marquee Indian private equity firm, which made a US$25m investment. The partnership is designed to provide Futura Surgicare with the necessary financial resources to accelerate its growth trajectory and expand its innovative solutions in the medical devices and consumables space.

Along with the capital pool, Jashvik Capital also brings with it extensive experience in scaling businesses and a deep understanding of the healthcare markets. As part of the transaction, RMB also helped create an efficient transaction structure to meet the objectives of both Futura Surgicare founders and Jashvik Capital.

The way forward

Futura Surgicare is poised for a transformative phase of organic and inorganic growth and innovation. The way forward involves expansion of their product portfolio, investment in advanced research and development, and exploring global market opportunities. The Jashvik Capital partnership is expected to drive significant advancements in the quality and accessibility of surgical products, ultimately benefiting both healthcare professionals and patients.

Futura Surgicare's leadership is focused on enhancing their production capabilities, investing in talent acquisition and exploring strategic partnerships and acquisitions. The collaboration with Jashvik Capital is set to foster a culture of innovation and excellence, driving long-term success and industry leadership.

“As Futura continues its journey to scale its franchise, we are very excited about this partnership with Jashvik Capital. The Jashvik team has deep sectoral expertise and has played a pivotal role in building some amazing healthcare and pharma businesses in India. With them as partners, we are motivated to pursue our vision to deliver best-in-class medical devices at affordable prices to customers across India and international markets. As the healthcare systems around the world reorient their supply chains post Covid, India has a big opportunity to help meet the needs of the world. We are excited about this opportunity to play a role in this generational shift,” said Mr. AD Setty, Founder of Futura Surgicare.