PE Fund Investments
Public utility infra co. NNT Developers raises Rs.15-Cr from Chanakya Opportunities Fund, others
Chanakya Opportunities Fund I, along with StepTrade Share Services' maiden fund and other investors, has invested in Patna-based NNT Developers as part of an INR 15 crore pre-IPO funding round.Founded by Suyash Kumar in 2017, NNT Developers specialises in construction, railway infrastructure, flood protection, and waterworks. The firm actively bids for tenders in Bihar, Jharkhand, and Madhya Pradesh, as well as opportunities with Indian Railways and the National Highways Authority of India (NHAI).NNT Developers will use the funds to meet its working capital requirements and secure other projects through tender bidding.In fiscal year 2024, NNT claims to have closed with a topline of INR 146 crore.
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