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India’s A91 Partners in talks to Raise $30 Million funding

Udit by Udit
April 29, 2019
in News, Startups
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India’s A91 Partners in talks to Raise $30 Million funding
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A91 Partners is now in the final negotiations to lead a $30 Million funding round in the Hector Beverages, which is also best known for its paper Boat brand of the ethnic Indian drinks, according to the report which has been revealed.

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Belgian investor Sofina, one of the existing investors in the company, is now also expected to participate in the round, with the Hector seeking around at a valuation of $200 Million after the round.

As a part of the ongoing funding round, A91 has already invested around an initial tranche of around $1.45 million in the Hector on the 20th of March.

A91 is early to a mid-stage investment firm to set up last year by three of the Managing directors of the Sequoia Capital – Gautam Mago, Abhay Pandey, VT Bhardwaj. The funds plan to invest around $10-$30 million in the middle age startups across the Series B or C stage. It will look to invest in the sectors such as the financial, consumer, healthcare brands from its $300 Million of funds which it is currently raising.

Source: PaperBoat

Tags: fundingInvestmentstartup
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