IndiaCo Ventures Ltd Enters Into Definitive Investment Agreements With ColMac International Limited

IndiaCo Ventures Ltd (“IVL”) has entered into definitive investment agreements with ColMac International Limited, Mauritius (“ColMac”) to invest in one of IVL’s aggregation vehicles.ColMac will invest approximately USD 6.4 million and take a significant minority stake in one of IVL’s subsidiaries. This amount will be utilized for further investments by IVL in consumer related businesses in India such as healthcare, media & entertainment and food services. Speaking about the partnership, Mr. Rahul Patwardhan, Managing Director, IndiaCo Ventures Ltd, said, "IVL has significant experience in identifying fast growth sectors and assisting management teams in the respective sector scale their operations through organic and inorganic growth. We are happy and excited about our association with ColMac International Ltd. This is their first investment in India and we hope that we are able to partner with them extensively on further investments over the coming years. We believe in the Indian consumer and are particularly excited with the opportunities presented by the media & entertainment industry, which is the ultimate consumer product in India and spans social strata and reach in India & internationally like no other industry can.”

Please find out more about IndiaCo Ventures Ltd and the deal here