Soothe Healthcare, a private hygiene model, has raised Rs 175 crore in a recent spherical of funding from US Worldwide Growth Finance Company (DFC) and current traders.
DFC has invested Rs 55 crore in Soothe Healthcare, and the remaining is from current traders, which embrace A91, Symphony, Sixth Sense Ventures, and GII.
The corporate had raised its final spherical of funding in August 2021.
The funding by DFC is in keeping with its World Well being and Prosperity Initiative and 2X Ladies’s Initiative, by which it seeks to empower ladies and assist them obtain the financial instruments to prioritise their well being and hygiene wants, based on an announcement.
Soothe Healthcare, which makes Paree Sanitary Pads, will use this capital to develop its distribution channels, deepen its attain to ladies throughout Tier II and III markets, and strengthen advertising.
Sahil Dharia mentioned, Founder and CEO, Soothe Healthcare, mentioned, “Our endeavour is to supply ladies with top quality merchandise at an excellent worth. Our price proposition and social impact-driven enterprise mannequin has helped set up Paree Sanitary Pads as a trusted private hygiene model throughout India.”
Paree Sanitary Pads, the flagship product of Soothe Healthcare, was launched in 2016 by offline FMCG distribution channels. The corporate has expanded into worldwide markets, added new product verticals, and doubled its manufacturing capabilities.
Abhay Panday, Common Associate, A91 Companions, mentioned, “We proceed to be believers within the enterprise alternative in ladies’s hygiene and Soothe’s relentless concentrate on constructing a high-quality Indian model within the house.”
