Innvolution, a group focused on interventional cardiology with a comprehensive portfolio of imaging and consumable products, announced that it has raised growth capital from OrbiMed, a global healthcare-focused investment firm. The funds will be used to ramp up the R&D efforts, develop new products, and expand into international markets.
Innvolution Group comprises two companies – Innvolution Healthcare Private Limited (IHPL), co-founded by Ashvini Suthar, Atul Sharma, Sachin Garg, and Gaurav Agarwal, manufactures and distributes cardiac care consumables and Innovation Imaging Technologies Private Limited (IITPL), co-founded by Vijay Alreja, Vikram Mordani, Naresh Alreja, and the IHPL founders, manufactures Cath Labs. Both companies have announced a merger to form a single entity that will now operate under the brand name, Innvolution.
