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November 27, 2012

Deal Alert: Med devices firm OneBreath to raise $3-M from Omidyar, others

NextBigWHat

Bangalore based OneBreath, a medical devices company, founded by A Vijay Simha, is to raise $3 million from a consortium of investors led by eBay founder Pierre Omidyar’s philanthropic firm Omidyar Network. OneBreath is developing low cost portable ventilators scheduled for launch by next year. The company plans to apply for US FDA approval in 2013 and will set up manufacturing facilities in India and China.