Telangana-based nutraceutical company, Botanic Healthcare today announced that it has raised ₹250 crore (approximately $30 million) in a fresh funding round.
The investment, structured as equity financing, was led by Stakeboat Capital, with participation from Abakkus Four2Eight Opportunities Fund and DS Group, a limited partner (LP) of Stakeboat Capital.
“The raised capital will support Botanic Healthcare’s growth plans, which include expanding its operations and consolidating its group entities,” the company said.
The company is targeting a 400% growth over the next three years as part of its aggressive expansion strategy.
“With a focus on enhancing its product portfolio, Botanic plans to invest in research and development (R&D) and clinical research, as well as form strategic partnerships through joint ventures and collaborations,” the statement further added.
Botanic Healthcare is also prioritizing technological advancements and talent acquisition to support its growth trajectory. The company aims to build a strong R&D pipeline while bringing in top professionals in various fields such as research, production, quality assurance, and sales to scale its operations.
Speaking about the funding round, Gaurav Soni, Founder & Director of Botanic Healthcare said, “With this funding, we will expand our product offerings, strengthen our global footprint, and invest in cutting-edge research to meet the evolving needs of our customers. As we move forward, this fundraise will fuel our next phase of growth, empowering us to reach new markets, build strategic partnerships, and create even greater value for our stakeholders,” he added.
Commenting on the investment in Botanic Healthcare, Chandrasekar Kandasamy, Managing Partner, Stakeboat Capital said, “Their focus on innovation and clinically proven botanical extracts is poised to influence the future of health and wellness. This is their maiden PE funding round and we are excited to partner with Botanic Healthcare as they continue their mission of delivering exceptional quality and sustainable solutions globally”