Swanrose Inc eyes $5 mn funding
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Healthcare start-up Swanrose, which currently has operations in the U.S. and India, plans to raise $5 million as it looks to expand operations in West Asia, and launch five new products in the current year, a senior company official said.
“We ve invested a significant amount so far, personally. We were very fortunate because the company did so well in the first two-three months, and we were able to just put that capital back into the company,” Roshini Sanah Jaiswal, CEO of U.S.-headquartered Swanrose Inc said.
Ms. Jaiswal, who is also the promoter of Jagatjit Industries the makers of Aristocrat whisky added that Swanrose was now looking to raise $5 million to fund expansion.
The companies claimed that a number key recommendations were unhealthy and would result in restrictive trade practices . (Representative image)
NEW DELHI: Four liquor manufacturers on Sunday raised objections to the Delhi government s new excise policy recommendations and warned that these would bring in cartelization besides hitting the government s revenue.
The Delhi government had recently received around 10,000 suggestions on the recommendations of its expert committee on several issues, including opening more private liquor vends and reducing the legal age for drinking from 25 to 21 years.
The excise department of the city government had sought comments and suggestions from the general public on the report of the expert committee by January 21.