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Cipla plans acquisitions and inorganic partnerships in the US market while strengthening its presence in the domestic market. The company aims to improve top line growth in Europe and expand margins in South Africa. It will focus on commercial execution, resolving USFDA observations, and growing private and select tender business. Derisking top launches and resolving regulatory issues at manufacturing plants are top priorities.
More than 40% of all CFO searches done by Korn Ferry in recent times were around new age companies that are planning to get listed, said Rahul Kakkar, partner and India head, CFO Practice, at the leadership advisory and senior executive search firm.
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Investors in the round include Peer Capital, All In Capital and Better Capital. The new funding will be used to accelerate hiring and enhance the user experience on the online platform, said a statement from the company.