KKR to invest in Jagatjit Industries
The investment will help the company to rejig the brand appeal of the company’s products, streamline its portfolio and clear short-term loan, the article said.
Set up in 1944, Jagatjit Industries is India’s oldest distillers. The company’s products include whisky, rum, gin and vodka. It also manufactures and markets alcoholic beverages, malt, malt extract, malted milk foods, milk powder, ghee and glass. It is third largest IMFL (Indian Made Foreign Liquor) producer in the country and is mainly focused in the manufacture, distribution and sale of IMFL.
Fixnix receives $500k
US-headquartered SaaS company FixNix Inc has received $500,000 in pre-Series A round of funding led by Tesla COO Jay Vijayan.
Four unnamed investors from Singapore and San Francisco also participated in the round.
FixNix will use the money for its expansion plans, technology, product development and hiring.
Chennai-based FixNix was founded by Shanmugavel Sankaran and is a SaaS-based GRC (governance, risk management, and compliance) solution for SMBs and enterprises for automating complex information security workflows like audit, risk, policy, incident and asset, etc.