Orthopedic products firm Tynor Orthotics today said it has raised Rs 143 crore from private equity fund Lighthouse Funds and existing investor France-based Thuasne Participations.
The investment will be used to accelerate company's growth plans, Tynor Orthotics said in a statement.
Thuasne had originally invested in Tynor in 2010, picking up a minority stake. It has again participated in the current round, led by Lighthouse Funds, it added.
Tynor Orthotics Pvt Ltd Founder PJ Singh said: "The current capital raise is in line with our vision to catapult the company to the next level of growth. Tynor is aiming to achieve sales of over Rs 500 crore in the next three to four years."
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," he added.
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