Turkish firm to invest Rs 100 crore in Kerala couple’s spa business

The money would be used to open around 100 new salons across India, West Asia and South-East Asia, said Hafeez.

Published: 06th January 2021 06:41 AM  |   Last Updated: 06th January 2021 06:41 AM   |  A+A A-

By Express News Service

KASARGOD: Baby Sutra -- a startup providing salon and spa service to pregnant women, new mothers and newborn -- has attracted nearly Rs 100 crore investment from an Ankara-based trading company, said its Kasaragod-based founder couple Hafeez and Hajera Lahir Kudroli.

They said Metalex International Construction Group Trading Company, based in Ankara, has offered to invest $13.33 million for a 49% stake in the company.

The money would be used to open around 100 new salons across India, West Asia and South-East Asia, said Hafeez. Baby Sutra opened its first and only store at Koramangala in Bengaluru last year. “The new stores will come up in tier I and II cities,” said Hafeez, who is from Cherkala.

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