Sequoia India invested $16 million in biopharmaceutical play Celon Labs
Sequoia Capital India has invested INR70 crore ($16 million) in Celon Labs, a Hyderabad-based biopharmaceutical company with established brands in oncology, critical care and gynaecology.
The company will use the funding to expand its manufacturing infrastructure and strengthen its marketing activities. Sequoia will send MD Sandeep Singhal to the board of Celon Labs as part of the transaction....
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