Adult diaper brand Nobel Hygiene raises Rs.170-Cr from Neo Asset Management

Mumbai-headquartered diaper brand Nobel Hygiene , has raised about INR 170 crore (USD 20 million) in a mix of primary and secondary investments from Neo Group’s asset management arm.The fresh funds will be invested in the firm’s flagship brands, to increase the adult diaper market penetration, and expand distribution networks across the country.Founded in 2001, Nobel Hygiene manufactures disposable hygiene products such as diapers, maternity pads and other such products.