Kushal s will use the funds to strengthen its brand and increase its retail footprint. The jewellery brand aims to open more than 300 stores in the next three to four years. The funds will also be used to build technology.
The Indian Venture and Alternate Capital Association (IVCA), representing private equity and venture capital funds is seeking government help post RBIs restrictions on alternative investment funds. This and more in the last edition of ETtech Top 5 for 2023! Thanks for reading us every PM.
The firm did not disclose the valuation at which funds were raised, but the entire amount came in primary funding, founder and chief executive Junaiz Kizhakkayil told ETtech.
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