| Log in

Nexus Venture Partners Invests Rs 15Cr In Deccan Healthcare

26 October, 2009

Deccan Healthcare, a Hyderabad-based nutraceutical products company, has raised Rs 15 crore from Nexus Venture Partners. The company plans to utilise a substantial part of the capital to set up a manufacturing plant in tax-free zones of Himachal Pradesh or Uttaranchal.

“We plan to invest around Rs 13 crore in setting up our manufacturing plant and machinery. The remaining investment will go towards expanding market reach,” Minto Gupta, founder and CEO, Deccan Healthcare told VCCircle.

The company, which currently has 18 products in its portfolio, is looking at a size of 100 products in the next two years and is also targeting the export market. Deccan Healthcare products target cardiac, bone & joint, neuro care and women care categories.

Sandeep Singhal of Nexus Venture Partners said, “the Indian nutraceuticals market is over a billion dollars growing at 30-40% per annum.” Mr Singhal, who will join the Deccan Healthcare board, says, the company leads in the Omega-3 market and is expanding into a variety of nutritional supplements.”

The company posted revenue of Rs 26 crore in 2008-09 and its margins were in the region of 15%. It is targeting a turnover of Rs 50 crore in the next fiscal, Gupta said.

 


View Comments
Nexus Invests $4M In Ad Network Firm Vdopia

Nexus Invests $4M In Ad Network Firm Vdopia

Madhav A Chanchani 8 years ago
Vdopia, a US and India-based video ad network firm, has raised $4 million in the...
News Roundup: Power Finance Corp to raise Rs 2,000Cr via CPs

News Roundup: Power Finance Corp to raise Rs 2,000Cr via CPs

TEAM VCC 5 years ago
Power Finance Corp to raise Rs 2000 crore via CPs: Power Finance Corp Ltd...
News Roundup: Infosys Looking at Healthcare Buyouts

News Roundup: Infosys Looking at Healthcare Buyouts

TEAM VCC 9 years ago
Deccan Cargo To Take-off In May – GR Gopinath’s Deccan Cargo Express...
1 Comment
prof.n.sudheer kumar . 6 years ago

it is very nice to know about this company and its positioning is very clear.

Nexus Venture Partners Invests Rs 15Cr In Deccan Healthcare

Powered by WordPress.com VIP