mayank singhvi

IMK Capital invests in AVPL at a valuation of 500 Cr

Software DevelopmentWed Apr 10 2024

Source: IMK Capital invests in AVPL at a valuation of 500 Cr

Private equity firm IMK Capital announced a strategic investment in AVPL, a fast-growing tech company, for ₹500 crore. This funding will fuel AVPL's expansion plans, bolster R&D, and enhance product offerings. AVPL, focused on vocational training and skill development, aims to empower farmers. Their initiative involves training 350,000 drone pilots through government schemes to assist farmers in over 660,000 villages.

Cosmos Group Forays Into AIF Landscape

BusinessTue Apr 09 2024

Source: Cosmos Group Forays Into AIF Landscape

Cosmos Group, a diversified business combination, launched its maiden Alternative Investment Fund (AIF) on Tuesday. The fund aims to raise Rs 500 crore, with an extra green shoe option of Rs 250 crore. With the fund dispatch, the group aims to support the SME (small and medium enterprises) sector. Driven by the association of Cosmos Group and Mayank Singhvi as its CEO, the fund will organise investments within the SME sector, aligning with the group's vision to foster growth and innovation.

Cosmos Group Dives into Alternative Investments with New Fund

BusinessTue Apr 09 2024

Source: Cosmos Group Dives into Alternative Investments with New Fund

Diversified Indian conglomerate Cosmos Group has declared its entry into the Alternative Investment Fund (AIF) landscape with its first-ever AIF. The fund has a target corpus of ₹500 crore (US$62.5 million), with the option of raising an additional ₹250 crore (US$31.25 million). This move signals the group's commitment to supporting the small and medium enterprises (SME) sector in India. Finance will prioritize investments in SMEs, adjusting to Cosmos Group's vision of cultivating development a