One of the fastest growing specialised dermatology companies in India, Curatio Healthcare has unveiled its aggressive growth plans. The company has secured Rs 100 crore in Series B funding from Sequoia Capital to further accelerate its growth.
Founded in 2005, Curatio Healthcare offers innovative solutions to plug the therapy gaps in the areas of cosmetic and medical dermatology. The company has recently announced its plans for an aggressive growth path, with an eye on global markets.
Offering the opportunity to enhance wealth creation for its employees, the company has also made an announcement to appointment P.V. Sankar Dass as its new Chief Operating Officer (COO).
The move comes on the heels of the company having secured Rs 100 crore in Series B funding from Sequoia Capital to further accelerate its overall growth.
Commenting on the growth strategy, GK Ramani, Managing Director said, "The focus will be on overseas expansion, strategic acquisitions and licensing opportunities. Our way of growing business is to provide value to our customers, like meeting their specific hitherto unmet needs or by the uniqueness of a product utility. We are ready for the next phase of growth and we look forward to working closely with Sequoia to take Curatio to the next level."
Meanwhile, Krishna Ramanathan, Founder, Fulcrum Venture India also shared his views on the recent developments in the company.
He said, "In the last two years, Curatio has established Pan India operations, enhancing its team of medical representatives and offered SKUs thereby building strong brand equity with Dermatologists. Through our strengths in product development, Curatio has grown at a brisk pace, faster than most of our peers and above the industry average. And I derive great satisfaction from the fact that Curatio has created wealth not just for its promoters and angel investors but also for its employees and the management remains committed to expand on the stock option scheme in the years to come."
Further, Sankar Dass, COO Curatio added, "Curatio has grown steadily in the last few years and has successfully created a mark in the Indian dermatology market. I personally share the philosophy of wealth creation for employees, and am confident of having inherited a motivated field force. I am proud to be a part of the company that is well positioned to achieve greater heights through growth and innovation."
Curatio Healthcare has a network of over 300 medical representatives across India, with a wide portfolio of 40 SKUs catering to pigmentary disorders, emollients and protectives, hair care and acne therapies.
Reportedly, Abhay Pandey, Managing Director, Sequoia Capital India Advisors will be joining the board soon.