PE Fund Investments
Smart home automation co Keus raises Rs.100-Cr led by Oaks
Hyderabad-based smart home automation company, Keus Smart Home has raised its first external funding of INR 100 crore from private equity firm Oaks Asset Management. The Oaks Consumer Fund, a mid-market PE fund, led the round with INR 80 crore.The company will use the funds to launch new experience centres in Delhi NCR, Bangalore, Pune, and Mumbai, for expanding in Tier I and II cities, and for consolidating its position in Hyderabad. The funds will also be used to develop new product offerings in home automation and lighting.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
