Poly Medicure


Untitled (1900 × 1000 px) (1)

Special Situation : Business in transition

  • Import substitution of medical consumables in India
  • High margin domestic branded business gaining traction
  • Branded business in Europe and US taking off
  • Growth without equity dilution till 2021

Exit

  • MCap journey $ 250 mn to $ 900 mn over 2 years
  • Huge runway for growth:
  • Exports move from white label to branded
  • Domestic business progressively gets accepted
  • Higher bet size was warranted at the time of investment
  • Local manufacturing and China+1 strategy aids business
  • Back

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