This will be the Shree Anandhaas Sweets first time raising funds from an institutional investor. Started in 1998 as a restaurant, Shree Anandhaas moved into the sweets and snacks business in 2017 and now runs 19 stores across Tamil Nadu.
Earlier, it was reported that the International Finance Corporation (IFC), part of the World Bank Group, was considering investing $35 million, with an additional $30 million as a possible co-investment.
The International Finance Corporation (IFC), part of the World Bank Group, is considering investing in venture capital firm A91 Partners’ third fund, according to a disclosure on IFC’s website.
In a Series F investment round headed by British International Investment (BII), Aye Finance secured INR 310 Cr. A91 Partners, an existing shareholder in Aye, and the Waterfield Fund of Funds also took part in the round.
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