PE Fund Investments
Jewellery retailer Kushal's raises Rs.85-Cr from Motilal Oswal PE
India Business Excellence Fund – III, a fund managed by Motilal Oswal Private Equity, has committed INR 85 crore to Kushals Retail Pvt Ltd, a Bengaluru-based omni-channel fashion jewellery retailer which operates under the brand Kushal's Fashion Jewellery. Existing investor, India SME Investments (Fund I), also participated. Motilal Oswal Investment Banking acted as financial advisor to Kushal's for the transaction. Established in 2006, Kushal's offers 12,000+ designs across different collections for weddings, festivals and everyday wear. The company retails its products under ‘Kushal's' brand through a network of 43 exclusive brand outlets located primarily in South India and through its own website.
From the Venture Intelligence PE-VC Deal Database: In May-19, Kushal’s had raised about INR 15 Cr from India SME Investments. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
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