Hotline: 1800 102 2007
X
Search Business Opportunities
Oct, 06 2018

Elbrit Life Sciences to raise $3 mn for expanding footprint

This investment will help the company to expand its domestic footprint in the branded formulation business.

Mumbai-based pharmaceutical company Elbrit Life Sciences has announced plans to expand its footprint in the domestic pharmaceutical industry. Currently, the company is in talks to raise $3 million from its parent investment firm Capital Investments and a Qatar-based investment firm.

This investment will help the company to expand its domestic footprint in the branded formulation business. Incorporated in 2014, Elbrit Life Sciences has witnessed an impressive growth rate of more than 100% per annum.

The spokesperson for Elbrit Life Sciences said, "We are planning to use the additional funds to expand the geographical footprint and to focus on nephrology, urology, gynaecology and oncology therapy segments."

The firm has a major presence in South India and sales force strength of 200 sales representatives. It has over 45 brands and 150 SKUs.

"The company is currently not looking at any acquisitions and instead prefers to take the organic route to fuel further growth," he added.

Furthermore, Elbrit Life Sciences is also aiming to be amongst the Top 150 pharmaceutical companies by 2020. 

Comment
Related opportunities
  • Payment Solution services
    This is a business of future India ( THE DIGITAL..
    Locations looking for expansion Rajasthan
    Establishment year 2012
    Franchising Launch Date 2016
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Other Vocational Training
    About Us: The Sunday Science School is a registered institute for..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2009
    Investment size Rs. 2lac - 5lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Casual dine Restaurants
    About: Gola Sizzlers is a well established authentic chain of restaurants..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Others Food Service
    About Us: Let’s get chai pe high with CHAI KE DIWANE!!!, Chai..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 5lac - 10lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Pune Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities