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Ranjan Pai's family office plans medtech platform
Mint Hyderabad
|January 03, 2025
Claypond Capital, the family investment office of Manipal Hospitals head Ranjan Pai, is creating a medtech platform to bet on medical devices and medical technology companies, VCCircle has learnt.
The family office, founded after Temasek bought a stake worth $2 billion (₹16,694 crore) in Manipal Health Enterprises in April 2023, has also brought on board Shravan Subramanyam to lead the strategy and execution of the medtech platform.
The platform will focus on medical equipment and digital solutions for the domestic and export market with an emphasis on localization and innovation, the firm said in a note.
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