Nobel Hygiene Raises Rs 450 Cr Led By Quadria Capital

• ByStartupStory     |    June 24, 2021

 Nobel Hygiene, a manufacturer of disposable hygiene products, has raised around Rs 450-Rs 500 crores from investors led by healthcare-focused private equity fund Quadria Capital. After PE investors CLSA Capital Partners, Access India fund, and its co-investors exited their investment in the startup; with the recent funding, Quadria will own a significant minority stake in the company.

Quadria Capital now becomes the largest minority shareholder, adding a consumer healthcare-focused company into its portfolio. Sixth Sense Ventures, a domestic consumer-centric venture fund, will invest alongside Quadria, the company said. “We are delighted to begin this new phase in Nobel’s journey. While the funds come just in time to help us further accelerate our growth plan, we continue to grow on the strength of our own P&L with minimal primary money.”- Kamal Johri, Managing director and CEO of Nobel hygiene said.

Nobel Hygiene has done a tremendous job in establishing a platform that provides high-quality, reliable, and affordable disposable hygiene products for the last 20 years. Quadria is very excited to partner with Nobel Hygiene in its journey of increasing the accessibility of disposable hygiene products across the country.“India significantly lags behind its peers in the usage and adoption of personal and disposable hygiene products, a stark difference, which was further accentuated with the devastating impact of the pandemic- Amit Varma, Managing Partner, and Co-founder, Quadria Capital.

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