PE Fund Investments
Botanic Healthcare raises Rs.250-Cr from Stakeboat Capital, Abakkus
Hyderabad-based Botanic Healthcare , a manufacturer of botanical extracts, has raised INR 250 crore in its first private equity funding round from Stakeboat Capital and Sunil Singhania founded Abakkus Asset Manager (via its Four2Eight Opportunities Fund). The funding round valued the company at INR 1,000 crore (around USD 120 million). Veda Corporate Advisors was the transaction advisor to the company.Founded in 2013, Botanic Healthcare makes botanical extracts, including fruit powder extracts, natural colors, phytochemicals, standardized herbal extracts and oleoresins. Its products cater to industries such as nutraceuticals, food and beverage, and cosmeceuticals. The firm operates in India, the US, Australia, New Zealand, South Korea, and the European Union.The new funding will be used for supporting the firm’s global expansion plans.
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