<article>Private Equity (PE) fund <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=paragon+partners" target="_blank">Paragon Partners</a> has invested $15 million (Rs 100 crore) in two Indian companies, the company said in a statement.</article>

Private Equity (PE) fund <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=paragon+partners" target="_blank">Paragon Partners</a> has invested $15 million (Rs 100 crore) in two Indian companies, the company said in a statement.
The fund has put in Rs 75 crore in Cravetex Brands Ltd and Rs 25 crore in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=incred+finance" target="_blank">InCred Finance</a>.
Mumbai-based Cravatex Brands Ltd was started in 2016. The company is engaged in distributing fitness equipment and sports goods.
“The opportunity to partner with global brands in the fast-growing sportswear and wellness industries driven by the strong Indian consumption story makes for a great investment thesis,” said Sumeet Nindrajog, co-founder and senior partner, Paragon Partners.
InCredFinance.com, a technology-enabled financial services blog, focuses on small and medium enterprise loans (SME loans), personal loans (consumer loans), home loans (housing loans) and education loans (study loans).
“We believe that the company (InCred) is ideally positioned to benefit from a significant lending opportunity given the current levels of credit penetration in India,” said Parekh.
Paragon Partners had marked its first close of its maiden $200 million growth fund PPGF-I at $50 million in March 2016. With a focus on five core sectors, including consumer discretionary, financial services, infrastructure services (capex light), industrials and healthcare services, the fund invests with an average deal size of $10-20 million.
Last August, it had <a style="color: #000080;" href="http://www.dealstreetasia.com/stories/51620-51620/" target="_blank">led a $16.5 million</a> round in <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=Maini+Precision+Products+Ltd" target="_blank">Maini Precision Products Ltd</a> (MPPL) through a mix of primary and secondary transactions.
Also Read:
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/33800-33800/" target="_blank">India: PE firm Paragon Partners raises $50m, closes $200m growth fund</a> 
<a style="color: #ff0000;" href="http://www.dealstreetasia.com/stories/51620-51620/" target="_blank">India: PE fund Paragon Partners leads $16.5m investment into Maini Precision</a>

Private Equity (PE) fund Paragon Partners has invested $15 million (Rs 100 crore) in two Indian companies, the company said in a statement.

India: PE fund Paragon Partners invests $15m in 2 companies

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India: PE fund Paragon Partners invests $15m in 2 companies

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