Botanic Healthcare Secures INR 250 Crore Investment for Global Expansion
Summary
Ltd., a manufacturer of botanical extracts, has raised INR 250 crore in its maiden private equity funding round to fuel its global expansion plans. The investment comes from mid-market private equity firm Stakeboat Capital and Abakkus Asset Manager Pvt. Ltd., valuing the company at approximately INR 1,000 crore (nearly $120 million).Abakkus, led by investor Sunil Singhania, participated through its Four2Eight Opportunities Fund, a private equity-style investment vehicle. This announcement follows reports of Stakeboat Capital acquiring a 25% stake in Botanic Healthcare alongside another private investment firm.The fresh funds will be used to consolidate Botanic Healthcares group entities and drive global growth. Abakkus, through its Four2Eight Opportunities Fund, focuses on domestic consumption and mid- to late-stage companies, further bolstering Botanics potential to scale.