Tynor Orthotics Receives Rs.143 Crores Funding from Lighthouse Funds & Thuasne Participations
Wednesday, 20 June 2018, 00:10 IST
Tynor Orthotics, one of the India’s largest orthotic soft goods company raises INR 143 crores from Lighthouse Funds, a leading mid-market private equity firm and Thuasne Participations, France. The funding is used to boost Tynor’s growth in the industry.
Tynor, a leading brand in India’s rapidly growing orthotic industry sells products over 140 products such as body braces, supports, fracture and walking aids. It is aiming to achieve sales of over INR 500 Crore in the next three to four years. Speaking on the investment, Dr.P. J Singh, Founder, Tynor, says, “The current capital raise is in line with our vision 3.0, to catapult the Company to the next level of growth. Thuasne has been a great supporter over the years and 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.”
Thuasne, who has invested earlier in 2010, participated in the current funding is a leading global medical textile and orthotic soft goods player which works in 11 countries including USA and Europe. Headquartered in Paris, Thuasne has more than 100 patents and employs more than 2,000 worldwide. Other investor, Lighthouse is a leading mid-market private equity firm focuses on investments in India’s consumer sector. Its past and current investments include Bikaji Foods, FabIndia Overseas, Cera Sanitaryware, Indian Herbs, Unibic Foods and more.
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