Bengaluru-based Axio Biosolutions has raised $5.2 million funding led by Omidyar Network India, with participation from existing investors Accel, University of California and Ratan Tata’s UC-RNT Fund and Chiratae Ventures. The company plans to use the funds raised to expand its footprint, especially in the United States and Western Europe, while continuing to develop novel surgical and wound care products for the global market.

(ET Tech)