Nobel Hygiene eyes ₹150-200 cr in funding

Nobel Hygiene, a maker of diapers, maternity pads and other such products, is in talks to raise ₹150-200 crore in a funding round led by the investment arm of Neo Asset Management, three people familiar with the matter told Mint.

- Priyamvada C

The company plans to use the funds for expansion, one of them said, without providing more details on the valuation. While the money will come mainly from new investors, existing investors are also likely to participate in the funding round, this person added.