Monday, 18 March 2013
Deal Alert: Sequoia to invest Rs.120-Cr in kitchen appliances co Stovekraft, up stake to 40%
Posted on 20:56 by Unknown
Sequoia Capital is set to invest another Rs.120 crore in cookware and kitchen appliances company Stovekraft. Sequoia will raise its holding in the company to about 40%, up from the 27% stake that it bought five years ago. Stovekraft is expected to end the current fiscal with Rs.580 crore in revenue.
Sequoia has valued the Bangalore-based maker of Pigeon and Gilma branded products at around
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