Deals
The company signed a memorandum of understanding with the state government on Friday.
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Analysis
They signal confidence, operational involvement, and a long-term plan to create value.
The latest infusion brings the company’s total capital raised to $26 million.
Private Equity
Umang Agarwal, a former principal at Eight Roads, has joined the firm to lead its India business.
The financing will support the company’s broader loan expansion strategy.
On a year-on-year basis, both deal value and volume increased.
As part of its next phase of growth, Nava is establishing Singapore as its regional headquarters.
The investment will support SILA’s continued expansion across India.
MSN Holdings is the family office of Manish Nuwal, Managing Director of Solar Industries India.
NDR InvIT Trust owns warehouse special-purpose vehicles.