Nobel Hygiene, a shaper of disposable hygiene products, has raised astir Rs 450-Rs 500 crore from investors led by healthcare-focused backstage equity money Quadria Capital.
After the latest funding, Quadria volition ain a important number involvement successful the institution aft PE investors CLSA Capital Partners, Access India fund, and its co-investors exited their concern successful the startup.
present becomes the largest number shareholder, adding a user healthcare-focused institution into its portfolio. Sixth Sense Ventures, a home consumer-centric task fund, volition put alongside Quadria, the comapny said.
Kamal Johari, Managing Director and CEO, Nobel Hygiene, said,“We are delighted to statesman this caller signifier successful Nobel's journey. While the funds travel conscionable successful clip to assistance america further accelerate our maturation plan, we proceed to turn connected the spot of our ain P&L with minimal superior money."
"With the per capita income of Indians climbing towards $3,000, we expect a important leap successful discretionary spending by Indians, which volition effect successful important maturation successful the hygiene marketplace also. With our existent enlargement successful Halol (Gujarat), successful conjunction with a slew of hires made successful our enactment team, we are rightly placed to instrumentality vantage of this marketplace expansion.”
Promoted by Kamal Kumar Johari, Nobel Hygiene was India’s archetypal shaper of big diapers, and contiguous has implicit 50 percent marketplace stock successful the big disposable hygiene space.
Amit Varma, Managing Partner and Co-founder, Quadria Capital, added,“India importantly lags down its peers successful the usage and adoption of idiosyncratic and disposable hygiene products, a stark difference, which was further accentuated with the devastating interaction of the pandemic.
Nobel Hygiene has done a tremendous occupation successful gathering a level that has been astatine the forefront of providing reliable, precocious quality, and affordable disposable hygiene products implicit the past 20 years. Quadria is precise excited to spouse with Nobel Hygiene successful its travel of expanding the accessibility of disposable hygiene products crossed the country.”
Edited by Megha Reddy