Venture capital firm GVFL Ltd (formerly Gujarat Venture Finance Ltd) has invested Rs 30 crore ($4.6 million) in Varmora Plastech Pvt Ltd (VPPL), a homeware manufacturer, the VC firm’s top executive told DEALSTREETASIA.
The investment has been done through GVFL’s Golden Gujarat growth Fund-I which invests in manufacturing and infrastructure sectors, said Arvind Modi, vice-president at GVFL.
