12 March 2018, India:
Private equity firm ChrysCapital has acquired a minority stake in dermatology products maker Curatio Healthcare Pvt. Ltd. ChrysCap will invest $20 million (about ₹130 crore) in the dermatology products maker. Curatio will use the fresh capital for accelerating growth plans.
Sequoia Capital have 33% stake in Curatio. G.K. Ramani and Fulcrum Venture India holds the rest of the stake in the dermatology products maker.
G.K. Ramani, Director, Curatio Healthcare said, “With both Sequoia India, who were early investors with us, and a quality partner like ChrysCapital on-board, Curatio can focus on its ambitions of growing into a top dermatology product company.”
Kshitij Sheth, vice-president, ChrysCapital said, “Last couple of years, there were fewer healthcare investment opportunities available as the situation was challenging.”
Curatio Healthcare was founded by G.K. Ramanai and K Krishna in 2005. It is a speciality dermatology company. It provides solutions to plug therapy gaps in the areas of cosmetic and medical dermatology. It focuses on dermatologists, paediatricians and gynaecologists. The company has presence in India, Sri Lanka, Philippines and Nepal.
(Image – curatiohealthcare.com, Pen News)