VC Fund Investments
Personal hygiene co Paree raises Rs.100-Cr from GII, Northern Arc, Incred
Noida-headquartered personal hygiene company Soothe Healthcare, maker of Paree sanitary pads and Super Cute's baby diapers, has completed an investment of INR 100 crore in an extended Series C round led by Gulf Islamic Investments (GII), Northern Arc and KKR-backed Incred. With this additional round, the company's total funding stands at INR 230 crore, including a INR 130 crore Series-C funding from Growth Capital investor A91 Partners. The latest transaction includes a secondary component with Sixth Sense Ventures selling a partial stake to GII. Soothe Healthcare will use the primary capital to expand manufacturing capabilities and make investments in marketing and distribution. Paree had previously raised investments from London-listed investment company Symphony International Holdings Ltd, Sixth Sense Ventures and A91 Partners.
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