Caplin Steriles gets $30.7million VC investment

21 January 2019

India’s Caplin Point Laboratories today announced a 2.18 billion rupees ($30.7million) investment in its injectables subsidiary, Caplin Steriles, by Eight Roads Ventures, the proprietary investment arm of Fidelity International Limited (FIL) and its US-based sister fund, F-Prime Capital.

Caplin Point was founded in 1990 by CC Paarthipan. Since then, it has grown to become a leading provider of affordable, high-quality pharmaceutical formulations in several emerging markets including Latin America and Africa, with over 2,700 product registrations globally.

Will cater to $10 billion US generic injectables market

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