Flipkart, Fortis co-founders to invest in Medtech startup Wrig Nanosystems

Wrig Nanosystems has managed to capture the interest of Sachin and Binny Bansal, Malvinder and Shivinder Singh (former Ranbaxy and Fortis promoters), Gurpreet Singh (Round Glass Partners) and others

Wrig Nanosystems, a medical technology startup company which develops and markets a hemoglobin measurement device, has attracted financial interest from different investors in the product. The company has made an investment of up to 15 cr to commercialise and further develop the product and Avendus Wealth Management acted as the advisor to Wrig on this deal.

The list of investors includes Flipkart co-founders Sachin and Binny Bansal, Malvinder and Shivinder Singh (former Ranbaxy and Fortis promoters), Gurpreet Singh (Round Glass Partners) and others.

Founded in 2009 by Ambar Srivastava, Wrig Nanosystems has names its product as TrueHb Hemometer. The device costs between R3,000 – R12,000, with 4000 units being sold till now, since its launch in December last year. The list of buyers includes some renowned healthcare chains like Max and Fortis, besides the governments of Madhya Pradesh, Uttar Pradesh, Uttarakhand and Himachal Pradesh, who uses it for their public health initiatives.