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Business Wire India - Multimedia: Digest for May 04, 2023

Business Wire India - Multimedia

Multimedia By Business Wire India
Business Wire India

AIIMS New Delhi and India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc, announced the opening of a state-of-the-art surgical robotics training center at AIIMS, New Delhi. The center will provide surgeons with best-in-class training in robotic-assisted surgery. It is the first such center at AIIMS utilizing Medtronic's HugoTM robotic-assisted surgery (RAS) system, which was first introduced in India in September 2021. The new training partnership was announced in the presence of Dr. Minu Bajpai, HOD Paediatric Surgery and Dean Academics, AIIMS and Michael Blackwell, Vice President & Managing Director, Medtronic India. The partnership brings together novel technology and decades of surgical expertise to train surgeons nationwide and expand access to the benefits of RAS.

RAS is an emerging medical technology that can help standardize surgical procedures and enable surgeons in performing complex surgeries. The training center will offer a broad spectrum of training to enhance the knowledge and skill set in RAS, ranging from basic skills training to procedural training to more advanced and specialized areas in soft-tissue surgery. The training will help impart procedural knowledge skills using surgical robotics among surgeons, fellows, and residents from across the country.
 
"Medtronic's partnership with AIIMS is a cornerstone of our commitment to make the benefits of RAS available to more patients in India. Together, we will make training and education on the latest technology more accessible and enhance the skill sets of both current and the next generation of surgeons," said Michael Blackwell, Vice President & Managing Director, Medtronic India.
 
"Robotic-assisted surgery allows surgeons to perform complex procedures with more precision, flexibility and control than is possible with conventional techniques. Though surgical robots have been around for many years, the adoption has been limited due to multiple factors, training being one among them. Surgical robotics and artificial intelligence are already changing the way surgical care is delivered. This initiative will pave the way for surgeons to progress from open and laparoscopic surgery to advanced RAS and will shorten their learning curve to master robotic techniques," said Dr. Minu Bajpai, HOD Paediatric Surgery and Dean Academics, AIIMS.
 
The HugoTM RAS system is a modular, multi-quadrant platform designed for a broad range of soft-tissue procedures. It combines wristed instruments, 3D visualization, and Touch Surgery™ Enterprise, a cloud-based surgical video capture and management solution, with dedicated support teams specializing in robotics program optimization, service, and training. It is designed to bring the benefits of minimally invasive surgery — fewer complications, smaller scars, shorter hospital stays, and a faster return to normal activities1–3,† — to more patient around the world. And, in doing so, help address global inequities in access to care.

The Hugo™ robotic-assisted surgery (RAS) system is not cleared or approved in all markets. Regulatory requirements of individual countries and regions will determine approval, clearance, or market availability. In the U.S., the Hugo™ RAS system is an investigational device not for sale.

References-
†Compared to open surgery.

1 Fitch K, Engel T, Bochner A. Cost Differences Between Open and Minimally Invasive Surgery. Managed Care. 2015;24(9):40–48.
2 Tiwari MM, Reynoso JF, High R, Tsang AW, Oleynikov D. Safety, efficacy, and cost effectiveness of common laparoscopic procedures. Surg Endosc. 2011;25(4):1127–1135.
3 Roumm AR, Pizzi L, Goldfarb NI, Cohn H. Minimally invasive: minimally reimbursed? An examination of six laparoscopic surgical procedures. Surg Innovation. 2005;12(3):261–287.
Business Wire India

Global Energy Alliance for People and Planet (GEAPP) and Mahatma Phule Renewable Energy and Infrastructure Technology Limited (MAHAPREIT) have announced a strategic partnership to enable the implementation of solar projects of 1000 MW across the state of Maharashtra, India. The MoI was signed to accelerate the adoption of renewable energy and promote sustainable development.

Under this partnership, GEAPP and MAHAPREIT will collaborate in enabling the implementation of 500 MW of rooftop solar for small and medium enterprises (SMEs) and 500 MW of ground-mounted decentralised solar under the Prime Minister of India led KUSUM program. The Maharashtra government announced the target of ins­ta­lling 200,000 solar agricultural pumps in the state. Also, the program will target enterprises across the 105+ SME clusters with a scaling up potential of 2.5 GW. The partnership aims to support MAHAPREIT in managing, designing, and developing investment projects.

We are delighted to have GEAPP as our partner to support us with the implementation of solar projects of 1000 MW across the state. Through this partnership we re-affirm our commitment towards a sustainable development of Maharashtra. This initiative will also encourage green investments and generate jobs supporting India's smooth energy transition said Bipin Shrimali, Chairman and Managing Director, MAHAPREIT.

On the initiative, Ravi Venkatesan, Global Chairperson, GEAPP, said, "As GEAPP, we are committed to acting boldly in driving the transition towards renewable energy and reducing our carbon footprint. This MoI is a step in that direction, and we hope to provide avenues for clean and affordable energy to reach the people of Maharashtra. I believe our partnership will support the Maharashtra government's commitment to generating 22 GW of renewable energy in the state. With the combined expertise of both MAHAPREIT and GEAPP, we are confident that we will be able to successfully implement the solar projects of 1000 MW and contribute towards a sustainable future."

The collaboration will also facilitate the creation of a sustainable business model for all stakeholders and provide institutional support to MAHAPREIT for the successful implementation of the project. With this project, GEAPP will solarise agriculture feeders and SMEs, impacting 1 million lives across the state by 2026.

"Our partnership with MAHAPREIT will pave the way for sustainable energy solutions in the state of Maharashtra. This collaboration marks a significant step towards achieving our shared vision of promoting energy transition and reducing carbon footprint powered by renewable energy," said Saurabh Kumar, Vice President, GEAPP in India. "Maharashtra has an estimated 8.4 lakh SMEs, which constitutes about 8% of the total SMEs in the country. While large industries have better access to technical advisory and expert support, the sector still seeks financial aid (loans, credit facilities). However, the same is not as easily accessible to SMEs. Through this collaboration, we aim to empower SMEs and rural communities with access to clean and affordable energy."

The partnership was formalised at a signing ceremony in Mumbai, Maharashtra, attended by Bipin Shrimali, Chairman and Managing Director, MAHAPREIT; Ravi Venkatesan, Chairman; GEAPP; and Saurabh Kumar, Vice President, GEAPP in India.
Business Wire India

Supply chain software leader, Pando, today announced its Series B funding of $30 million, bringing total capital raised so far, to $45 million. The round was led by marquee Silicon Valley investors Iron Pillar and Uncorrelated Ventures, with participation from existing investors Nexus Venture Partners, Chiratae Ventures and Next47. Several prominent American CEOs and angel investors also participated in this round including David Dorman, Chairman of CVS Health and Director on the Boards of Dell and Paypal, Tom Noonan, Director on the Boards of New York Stock Exchange and SalesLoft, Scott Kirk of Bain Capital, Paul Brown of Dunkin', Baskin-Robbins and Neiman Marcus, Nick Mehta of Gainsight, and Amar Goel of Pubmatic. The fresh funds will be used to drive Pando's growth across geographies and industries.

In the last few years, supply chain disruptions have peaked, hindering business growth and consumers' access to quality products. According to a recent Deloitte survey, over 70% of manufacturing executives reported that their companies have been impacted by supply chain disruptions in the past year, with 90% of those companies experiencing increased costs and declining productivity. With global enterprises investing in supply chain technology to improve agility, efficiency and resilience, the logistics tech market is estimated to grow to $25 billion by 2025. Pando is well-positioned to ride this growth wave, and drive supply chain agility for the 2030 economy.

Investors see Pando's platform as critical in the modern supply chain toolkit to bring innovation and resilience to the industry. Mohanjit Jolly, Partner at Iron Pillar who led the Series B, believes that Pando is uniquely positioned to be a global leader in this growing category. "The Logistics Tech market is ripe for disruption – there is high demand caused by volatility, legacy competition that is trying to catch up and a trend towards bundling point solutions. Pando addresses the problem holistically and, with its world-class talent in India and the US, takes a global view to IP-led product development. Their growth with multiple Fortune 500 companies is testimony to the quality of the product and management team, but their focus on building a large long-term business is what got us excited to partner with Abhijeet and Nitin. Iron Pillar is eager to leverage its global network of customers, partners, strategic capital and more to help accelerate Pando's journey."

Pando's recently launched Fulfillment Cloud is a 'single pane of glass' to streamline the end-to-end order-to-fulfillment process of manufacturers, distributors, retailers, and 3PLs. This AI-powered, no-code platform for collaborative fulfillment has proven itself globally, improving service levels, and reducing carbon footprint and costs for several Fortune 500 enterprises such as Johnson & Johnson, Procter & Gamble, Nestle, Nivea, Accuride, Danaher, Perfetti Van Melle, and BP Castrol.

"Pando's Fulfillment Cloud has been proven across several industries in the last few years, with strong revenue growth, marquee customer logos, high CSATs, and a fully built-out enterprise-grade platform. Pando is now expanding into new industries and geographies, especially the US," said Abhishek Sharma, Managing Director at Nexus Venture Partners who seeded the company in 2018.

Parvesh Ghai, CRO – Asia Pacific, agrees, "Since Pando's Series A in 2020, our revenue has grown 8x, and our customer base, 5x. We're scaling our North America and Global business with marquee customer wins and a network of strong partners." John Zimmerman, CRO – North America & Europe, adds, "Many large companies in North America and Europe are consolidating their supply chain technology from siloed point solutions to unified platforms, and in-sourcing their logistics from 3PLs. Pando's solution is timely – its end-to-end capabilities and quantifiable value-driven success stories with marquee global brands is driving significant traction in the US market, where supply chain leaders are clamouring for change."

"Most of the brands we love and live with are weighed down by legacy logistics tools that make their products less affordable, accessible and eco-friendly. Pando's platform allows these brands to automate manual processes, modernize legacy systems and plug the gaps between tools without multi-year transformations, delivering change here and now," said Nitin Jayakrishnan, Pando's CEO.

Pando's CTO, Abhijeet Manohar, said, "Whether we take HRMS, CRM, ITSM or SCM – ultimately, enterprise processes are data problems. Enterprises are struggling to piece together a comprehensive view of their supply chain. Just like how the world evolved from legacy applications to new-age cloud technology in these categories, supply chain software is evolving towards Pando."
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