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
image
Related opportunities
  • Planning for a low cost business to start? SQAC franchise..
    Locations looking for expansion Goa
    Establishment year 2015
    Franchising Launch Date 2015
    Investment size Rs. 50 K - 2lac
    Space required -NA-
    Franchise Outlets 20-50
    Franchise Type Unit, Multiunit
    Headquater North Goa Goa
  • Designer jewellery
    About Us: It all started when PC Jeweller first opened its..
    Locations looking for expansion New Delhi
    Establishment year 2005
    Franchising Launch Date 2016
    Investment size Rs. 5 Cr. above
    Space required 1200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Central Delhi New Delhi
  • Kids/Candy Stores
    JOIN INDIA’S 1st ZERO ROYALTY FRANCHISE MODEL - Khilonewala Toy Library! About..
    Locations looking for expansion Madhya Pradesh
    Establishment year 2011
    Franchising Launch Date 2013
    Investment size Rs. 2lac - 5lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Indore Madhya Pradesh
  • Quick Service Restaurants
    About Us: Iyer's Delight: With a vision to spread the love..
    Locations looking for expansion Tamil nadu
    Establishment year 2016
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Chennai Tamil nadu
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