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MUMBAI: Hyderabad-based Deccan Healthcare on Monday said it has raised Rs 15 crore to fund its expansion from Nexus Venture Partners, an Indian venture capital firm.

“The funding will help us enhance our R&D efforts and our expansion plans. Deccan is launching a variety of nutraceuticals addressing specific life-style problems and will also explore export opportunities,” Deccan Healthcare Founder and CEO, Mr Minto Gu pta said.

Nexus Venture Partners' Mr Sandeep Singhal, who would join the Deccan Healthcare board, said the Indian nutraceuticals market pegged over $1 billion is growing at 30-40 per cent annually. – PTI

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