Healthcare and Industrials
Veda advises Botanic Healthcare, a leading nutraceutical ingredients player on minority fundraise from PE funds Stakeboat and Abakkus
About
Botanic Healthcare
Botanic Healthcare Private Limited group was founded by two first generation entrepreneurs in 2013 for sale of customised botanical extracts to customers across operating in various sectors such as nutraceuticals, food and pharmaceuticals. It currently operates two manufacturing facilities and has a capital efficient model having been bootstrapped with strong profitable growth since inception.
Stakeboat Capital
Stakeboat Capital , headed by Mr. Chandrashekar Kandasamy is a $150M private equity fund that invests in growth stage b2b businesses across healthcare, industrials and technology.
Abakkus
Abakkus Four2Eight Opportunities Fund headed by Mr. Sunil Singhania is a PE fund focused on domestic consumption. Abakkus invests across sectors in mid-late stage companies with a strong track record of growth and profitability.
Background
We are pleased to announce that our client, Botanic Healthcare Private Limited (“Botanic”) has successfully raised funding of INR 250 Crores from Stakeboat Capital and Abakkus Four2Eight Opportunities Fund. The funds will be used to consolidate the group entities and grow the Botanic group globally.
Botanic, based in Hyderabad and founded in 2013 by two first generation entrepreneurs – Madhu Krishnamani and Gaurav Soni, offers customised botanical extracts for use in nutraceuticals, food and pharmaceutical sectors. Company develops, manufactures and distributes unique customized natural extracts to leading customers across India and regulated markets such as Australia, USA, New Zealand, South Korea, EU.
Veda Corporate Advisors (“Veda”) was the exclusive financial advisor to the Company and its promoters. Veda provided comprehensive transaction advisory services covering identification of prospective investors, strategic positioning including deal structuring, assistance in due diligence, negotiation and finalisation of key commercial terms, leading to the successful closure of the transaction.
“The entire Veda team demonstrated exceptional pragmatism in understanding our business, products and the vision of our promoters. Over the past 12-24 months, they have seamlessly integrated with us, working as an extension of our own in-house team. Their support throughout the deal planning, structuring, and finalization has been invaluable and has helped us secure a partnership with like minded investors at the perfect time and under excellent terms. We consider them trusted business advisors and look forward to their guidance in future transactions as well.”
Gaurav Soni & Madhu Krishnamani
Founders, Botanic Healthcare Private Limited
“Global markets are witnessing increased adoption of natural / herbal extracts and Botanic has been at the forefront of this market shift. Within a short span of time, Botanic has become one of the largest players in the Indian nutraceutical industry. Partnership with value adding investors will further open doors in global markets and enable Botanic to attain market leadership.”
T S Abinandan
Managing Director, VedaCorp