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May 21, 2013

Deal Alert: Villgro invests in neonatal device firm Windmill Health Tech

Villgro Innovations Foundation is to make an equity investment in Windmill Health Technologies, a Delhi-based startup that has created an affordable, neonatal resuscitation device. Branded NeoBreathe, the device enables frontline health workers to resuscitate newborns effectively. Windmill Health was founded in 2012 by Dr. Avijit Bansal (who had earlier worked at Fortis Hospitals) and bio-design expert Ayesha Chaudhary. 

It is estimated that 6 million children across the globe suffer from birth asphyxia each year resulting in 904,000 deaths and leaving many more disabled for life. The worldwide market for pulmonary resuscitators is estimated to be $2 billion (as of 2012) of which bag valve masks constitute 40%. 

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