Botanic Healthcare raises Rs 250 crore from Stakeboat Capital & other investors

Botanic Healthcare, the Hyderabad-based nutraceutical maker on Monday said it has successfully raised Rs. 250 crores in its latest funding round.

ET Year-end Special Reads

The investment, structured as equity financing, was led by Stakeboat Capital. The round saw participation from co-investors – Abakkus Four2Eight Opportunities Fund and DS Group, one of Stakeboat Capital’s LP (Limited Partner).

The funding will enable Botanic Healthcare to consolidate its group entities and strengthen its presence in the rapidly growing global nutraceutical market, the company said.

“The capital will fuel Botanic Healthcare’s aggressive expansion strategy, with the company aiming to grow by 400% over the next 3 years,” the company said.

As part of its plans, Botanic Healthcare said it will enhance its product portfolio and forge strategic partnerships, while boosting its R&D and clinical research capabilities through joint ventures and collaborations.