Private Equity

PE-VC Fund Investments

D2C brand Menhood to raise Rs.8.5 Cr from Pinnacle Investments, Capital Vision

Inc42  

NSE Emerge listed D2C personal care brand Menhood’s parent Macobs Technologies is to raise over INR 42 crore via preferential issue. The board approved to issue 24.8 Lakh fully convertible equity warrants at an issue price of INR 170 to promoters and non-promoter groups.Cofounder and CBO Divya Gandotra will infuse INR 8.16 crore, investment firms Pinnacle Investments and Capital Vision will invest INR 8.5 crore and existing investor Raman Talwar is to infuse INR 17 crore. Post the allotment, Pinnacle Investments and Capital Vision would hold 4.07% stake.