Private Equity

PE Fund Investments

Jewellery retailer Senco Gold raises Rs.75-Cr from OIJIF

Business Line  

Oman India Joint Investment Fund (via OIJIF II) has invested around INR 75 crore in Kolkata-based jewellery retailer Senco Gold Ltd. Senco plans to use the funds to increase its showroom network and build a digital presence. Quest Profin was the exclusive financial advisor to the company and the transaction. Senco Gold, which currently operates 127 showrooms across the country, is a large organised jewellery retailer in eastern India. SAIF Partners India IV Ltd, a venture capital firm, has been an investor in the company since 2014. Senco posted consolidated revenues of around INR 2,675 crore for FY21.