Ratan Tata's RNT Capital backs bandage-making startup Axio
Bengaluru-based Axio Biosolutions, which makes a sponge-like bandage to instantly clot blood, has raised $7.4 million (â¹47 crore) in a Series B round led by Ratan Tata's RNT Capital. Founded in 2008, the startup's customers include Indian defence forces and hospitals. Axio's seed investor Ahmedabad-based GVFL Limited has exited with a substantial profit, claimed founder Leo Mavely.