Deccan Healthcare, an innovative products company in the Indian health and wellness market, today announced that it has received a Rs 15 crore investment from Nexus Venture Partners, India’s leading Venture Capital firm.
Deccan Healthcare has developed, through intensive R&D, a variety of nutraceutical products which boost immunity and address chronic ailments. The key products include a flaxseed-based vegetarian Omega-3 which they sell under the OxyFlax and Nulife-ISB brand. It is useful for cardiac care, bone health, diabetes prevention, and is also anti carcinogenic and anti-inflammatory. Frost and Sullivan has touted flaxseed based Omega-3 as the next superfood in the making.
Speaking about the funding, Mr Minto Gupta, Founder & CEO, Deccan Healthcare said, “We at Deccan Healthcare are happy to be associated with Nexus Venture Partners. The funding will help us enhance our R&D efforts and our expansion plans. Deccan is launching a variety of nutraceuticals addressing specific life-style problems and will also explore export opportunities.”
Sandeep Singhal of Nexus Venture Partners who will join the Deccan Healthcare board, said, “The Indian nutraceuticals market is over a billion dollars growing at 30-40% per annum. Mr. Gupta is a passionate entrepreneur who has built Deccan into a leader in the Omega-3 market and is now expanding into a variety of nutritional supplements.”
About Deccan Healthcare
Deccan Healthcare is an innovative nutraceutical products company based out of Hyderabad, India. Deccan Healthcare has a strong reputation as a company that develops, manufactures and supplies high-quality wellness products which have a medicinal effect on chronic health conditions related to Cardiac, Bone & Joint, Neuro care and women care. The product portfolio includes vegetarian Omega-3 brands like OxyFlax for good heart, Nulife-ISB for child immunity and Omegamax-Feminine for pregnant women. Other popular brands are Ostan-G for joint pain reduction, Lycocare for chronic disease prevention, Minicare for young women health and COQ-Plus for skincare and male fertility.
The company is led by Minto Gupta, CEO and Founder, and a professional team with extensive experience in the pharmaceutical space. Deccan currently has a strong presence in South India and is expanding rapidly in the West and North.
For more information, please visit www.deccanhealth.com