Thursday, November 1, 2007

ePlanet Invests In Indian Medical Firm

Redwood City-based ePlanet Ventures said Thursday evening that it has invested in Trivitron, an Indian medical technology firm. ePlanet said it made the investment as part of a $11M round that also included HSBC Private Equity (Asia) Limited. Trivitron Group owns a wide range of medical device firms. According to ePlanet, the investment will be used by Trivitron for acquisitions, joint ventures, and development of a medical technology park.