DFC and Others Back India’s Soothe Healthcare in Bridge Round
Female hygiene brand Soothe Healthcare Pvt. Ltd on Thursday said it raised ₹175 crore ($21 million) in a bridge round from the US government’s Development Finance Corporation (DFC) and existing investors.
The company raised ₹120 crore in equity from A91 Partners, Symphony International Holdings Ltd, Sixth Sense Ventures and Gulf Islamic Investments (GII) while US DFC invested ₹55 crore in debt. Advisory firm Intellecap was the exclusive transaction advisor between US DFC and Soothe Healthcare.
Soothe Healthcare plans to use the funds to expand its distribution channels and deepen its reach to women across tier II and III markets. The capital will also be used to amplify marketing outreach and spread a wider social message on women’s menstrual hygiene.
Photo courtesy of Meena Kadri.
Source: VCCircle (link opens in a new window)
- Categories
- Health Care, Investing
- Tags
- impact investing
