Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Healthcare 12 Oct 2015

Noida-based Soothe Healthcare raises funds from Company advisor

The maker of Paree brand of affordable sanitary napkins, Soothe Healthcare has secured an undisclosed amount in angel funding from Anil Gupta.

Noida-based Soothe Healthcare, the maker of Paree brand of affordable sanitary napkins, has secured an undisclosed amount in angel funding from the company's advisor, Anil Gupta.

Gupta, who had been advising Soothe Healthcare on business and go-to-market strategy for the last six months, has now come in as a strategic investor and will be part of the board of directors as well.

"A lot of focus has been on tech area and marketplaces and many venture capitalists are also focusing here. I feel we need to encourage entrepreneurs in the manufacturing space," said Gupta, a former president and head of Reliance Infrastructure who is also advisory board member of private equity firm Partners Group.

This is the first tranche from a Rs 5 crore corpus that Soothe is looking to raise from angel investors and HNIs, said Sahil Dharia, managing director, Soothe, adding that Gupta will help bring in more investors before the company goes to the market to raise a Series -A round of funds.

"His experience with heading and running large corporations and multi-generation product planning is valuable as Soothe wants to capture a large market share and opportunity in the space," said Dharia.

The company will use the money to ramp up marketing and branding activities, including a television commercial, in its existing markets for Paree.

The Paree brand of sanitary napkins is sold across 3,000 retail touch points in Maharashtra and Kerala.

Comment
Related opportunities
  • Bakery & Confectionary
    WS Bakers is the brand name of WS Foods Pvt...
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required 200 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Pune Maharashtra
  • Fine Dine Restaurants
    About Kumarakom :-Kumarakom is an established chain of restaurants that..
    Locations looking for expansion Tamil Nadu
    Establishment year 2001
    Franchising Launch Date 2016
    Investment size Rs. 1 Cr. - 2 Cr
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Chennai Tamil Nadu
  • Real Estate Sub
    RE/MAX is one of the World’s largest and most successful..
    Locations looking for expansion New Delhi
    Establishment year 1973
    Franchising Launch Date 2009
    Investment size Rs. 10000 - 50 K
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Women's clothing
    About: Laabha is the apparel and lifestyle division of Gunno Knits..
    Locations looking for expansion Delhi
    Establishment year 1995
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories