Exclusive: GVFL invests $4.6m in Ahmedabad-based Varmora Plastech

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.

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