New investments in the New Year
BlackSoil, a venture debt and alternative credit fund, invests Rs 10 crore in dermatologist clinics firm Sreyas Holistic Remedies.
Sreyas Holistic Remedies operates a chain of dermatologist clinics under the brand name of Oliva. They offer skin and hair care products and treatments. Recently, BackSoil announced its first investment of Rs 10 crore in Sreyas Holistic.
Currently, Sreyas Holistic operates 23 clinics in seven Indian cities. This investment, will be used by the dermatologist clinic group for its working capital and general corporate purposes. Oliva, a Hyderabad-based startup, has already raised more than Rs 100 crore from India Life Sciences Fund, Entrust Family Office Investment Advisor and a few more.
Blacksoil is a specialised credit platform focused on providing debt solutions to PE/VC backed growth companies – this is the firm’s sixth deal in the healthcare space. The BlackSoil-Sreyas Holisitc partnership is definitely one to look out for in the future of the beauty industry.