Debt financing
Infra-tech player Mytek Innovations raises Rs.6-Cr
Navi Mumbai-headquartered EPC (Engineering, Procurement, and Construction) and manufacturing marketplace Mytek Innovations has raised INR 6 crore in debt, under its overall plans to raise USD 10 million (INR 84 crore) by December in debt and equity.Founded in 2020 by Shivkumar Borade and Ashwajeet Wankhede, the company claims to have clocked an INR 251 crore order book at the end of FY24. Mytek has been focusing on civil and electrical services. It now plans to expand to automobile, manufacturing, textile and garments, cosmetics.
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