Inga Ventures, Singapore’s TIH to launch Rs 125 crore PE fund has contracted. Inga founder GS Ganesh said the proposed fund has received commitments of Rs 250 crore from sponsors and their partners, and will have an investable corpus of around Rs 500 crore. He further added that the fund will follow a sector-agnostic approach when it comes to choosing companies for investment, but will have a positive bias towards specialty chemicals, FMCG, electronics, food and agriculture, and healthcare/pharma.
Inga has been providing boutique investment banking services since 1999 and also provides a wide range of services in equity capital markets, private equity, corporate advisory and mergers and acquisitions.
TIH Singapore is an SGX-listed closed-end private equity fund established in 1994 and currently in the investment business and fund management. *** Arth Group Launches Rs 450 Crore Micro VC Fund * Mumbai-based Earth Group has launched Rs 450 Crore Winner-only Micro VC (Venture Capital) Fund to invest in Growth Rounds of Startups, where Company Already invested.
The fund said in a note that the average investment in Series B would be Rs 20 crore and follow-on in Series C would be Rs 20 crore.
The Pune-based Kirloskar family office, formerly the family office of Reliance Capital’ Madhusudan Kela, Abhinav Sinha of British International Investments, Narendra Karnavat of Karnavat & Co., Jashwant Rawal of JCR & Co., Varun Bansal of Jayshree Polymers, and several other investors so far funded the fund. has endorsed. *** Hologram maker Holistic India sets up unit in Greater Noida * Holistic India Limited, one of the largest manufacturers of holograms globally, has set up a unit in Greater Noida.
The units will manufacture comprehensive web holographic soft embossing films to meet the growing demand for anti-counterfeiting solutions, especially in the pharma and healthcare sectors, a statement said. It added that with the new generation of holographic and ultraviolet embossed wide web packaging films, the company is facilitating new levels of visual effects, brand enhancement, regulatory compliance and anti-counterfeiting.
*** Lot’s Wholesale launches first standalone store in Delhi-NCR * Lot’s Wholesale Solutions on Tuesday launched its first standalone outlet in the national capital.
The company is expanding its presence in the northern region.
The new store in Sarita Vihar, which is spread over 64,000 sq ft, will be the fourth outlet in Delhi-NCR, said a statement by Lotus Wholesale Solutions, a brand operated by CP Wholesale India.
“We are pleased to expand our operations in North India with the launch of our first standalone and largest outlet in India. The new store will cater to a large group of business customers and will provide direct and indirect employment opportunities for over 200 youth,’ said Matin Ozurtlu, CEO and Director, Lots Wholesale Solutions.
(This story has not been edited by DevDiscourse staff and is auto-generated from a syndicated feed.)