Newsletter 12

Indian MedTech|Healthtech Innovation: Bagmo

Bagmo is a Kerala-based health-tech startup that has developed an innovative IoT, RFID, and cloud-based system to solve the critical problem of blood wastage and supply chain inefficiency. It digitizes the entire blood transfusion workflow, from the donor to the patient ("vein-to-vein" traceability).

The product is targeted at hospital blood banks, transfusion departments, and remote blood storage centers. By tagging each blood bag with an RFID and IoT sensor, Bagmo's platform monitors its temperature and location in real-time. The primary outcomes are a drastic reduction in the 20-30% of blood units wasted.

Interested in exploring their Innovations? Yes!

Welcome to all the supporters of Agenda+Health, here’s is what to expect:

• KKR’s strategy to invest $10 Billion by 2026

• Our Upcoming Podcasts: Dr Sunil Chandy and Dr. D K Gupta

• Top 5 Biotechnology | Therapeutics Startups

• New Frontiers: Rising MedTech Pioneers

• Corporate Updates: Indian Healthcare

Read time: 5 minutes

1/ KKR’s strategy to invest $10 Billion by 2026

KKR's deployed $2.5B since 2023 BUT why does it want to 10X it to $25B by 2030 esp. in🇮🇳Hospitals? 

It all started with its 5X exit from Max Healthcare earning $1.132B in Aug'22. In 2018, KKR'd invested in Max Healthcare at a meagre ₹80/share & with in 4yrs, sold its stake at ₹353/share.

It was reported at the time to be KKR's largest exit from an Indian firm and a blockbuster deal for the Indian PE sector.

This triggered KKR to dedicate its war chest to not just Indian Hospitals but also to Pharma & MedTech sectors.

To understand the dynamics of such PE large investments in Healthcare, read the deeper perspective in the LinkedIn Post

2/ Our Upcoming Podcasts:

A) 31% Deaths in INDIA are due to Cardio Vascular Diseases.

Our Upcoming podcast is with Dr. Sunil Chandy, a top Cardiologist & ex-Dir. Christian Medical College (CMC), Vellore to address the concerns of rising Cardio Vascular Diseases.

The most alarming chapter in this story is the sudden collapse of seemingly fit young people, a topic Dr. Chandy directly addresses.

1. Rapid Urbanization

2. High-Stress Careers

3. Sedentary Lifestyles

4. Shifting Dietary Habits

B) A Podcast for Aspiring HealthCare Professionals interested in building a hospital

Recorded a podcast with Dr D K Gupta, founder & MD of Felix Hospital. He is a 1st generation doctor who has built ₹200Cr Revenue hospital in Noida among a huge competition without PE money. The podcast will help other doctors and HCPs who aspire to do the same.

3/ Top 5 Biotechnology | Therapeutics Startups

Pandorum Technologies A biotechnology startup using 3D printing and tissue engineering to create human-like tissues, with a long-term vision of regenerating organs.

Eyestem A cell therapy company developing scalable treatments for incurable eye diseases (like Age-related Macular Degeneration) using stem cells.

Avammune Therapeutics A drug discovery startup focused on immuno-oncology, creating new small-molecule drugs that help the body's own immune system fight cancer.

Nkure Therapeutics A biotech company engineering "Natural Killer" (NK) immune cells to create advanced, off-the-shelf therapies for cancer treatment.

Ahammune Biosciences A drug discovery company incubated at CSIR-NCL, focused on developing novel, targeted therapies for unmet needs in dermatology, starting with vitiligo.

4/ New Frontiers: Rising MedTech Pioneers

SunFox Technologies

SpOvum Technologies

5/ Corporate Updates: Indian Healthcare

CitiusTech and DocOnline Partner for Slum Healthcare(Source)

Navya Care Expands AI Cancer Care Network to standardize cancer care in Tier-2 and Tier-3 cities (Source)

Kotak Alternate Asset Managers announced a Rs 40 crore investment in Mediversal Healthcare (Source)

Max Healthcare Institute announced its quarterly results, reporting a 59% year-on-year increase in profit after tax (PAT) to ₹554 crore (Source)

Digital mental health platform MindTalk secured $7.3 million in a seed funding round (Source)