Mayanksinghvi

Name	:	mayanksinghvi
Website	:	Visit Website
Blog	:	Visit Blog
Social Links	:

IMK Capital Backs AVPL's Growth with ?500 Crore Investment

Mayanksinghvi10 Apr, 2024Business

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. They also plan to establish skill development centers across India and internationally. IMK Capital's investment validates AVPL's potential and positions them to become a leader in the logistics technology space.

Cosmos Group Forays Into AIF Landscape

Mayanksinghvi09 Apr, 2024Business

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 in this crucial section of the economy, the company said in a statement. In addition to expanding its centre on the SME division, Cosmos Group also plans to launch a Category 2 Obligation Finance, further expanding its impression within the money related administrations space.