18 June 2018, India:
Tynor Orthotics Pvt. Ltd has raised ₹143 crore in a fresh round of funding. The funding round was led by Lighthouse Funds. Thuasne Participations also participated in the funding round.
The company will use the fresh capital to accelerate it’s growth plans, the company said in a statement.
“The current capital raise is in line with our vision to catapult the company to the next level of growth. Tynor is aiming to achieve sales of over Rs 500 crore in the next three to four years,” said PJ Singh, Founder, Tynor Orthotics Pvt Ltd.
PJ Singh added, “We are glad to see their increased confidence in us. We have known Lighthouse for five years, and are extremely excited to convert this relationship into a professional association.”
Tynor Orthotics was founded in 1993. It sells body braces, supports, fracture and walking aids. It has a distribution network in India and also exports to more than 40 countries.
(Image – Tynor Orthotics)