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Lok Capital leads Rs 45 cr investment in Jharkhand's dairy brand Osam

Lok is now a large minority holder in the firm; Rajesh Babu of Lok to join HR Food board; Aavishkaar India II is co-investor

BS Reporter  |  Pune 

Impact investment fund, Lok Capital, has led an investment of Rs 45 crore ($6.7 million) in Ranchi-based HR Food Processing firm, which manufactures and markets dairy products under the brand 'Osam'. The Series B round of funding was led by Lok Capital-advised Growth Catalyst Partners (GCP), the third fund from the India-focused VC firm, with co-investment from existing investor, Aavishkaar India II Company. The funds will be used to expand HR Foods' production capacity and extend its distribution outreach into neighbouring districts in Jharkhand and Bihar. With this ...

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Lok Capital leads Rs 45 cr investment in Jharkhand's dairy brand Osam

Lok is now a large minority holder in the firm; Rajesh Babu of Lok to join HR Food board; Aavishkaar India II is co-investor

Lok is now a large minority holder in the firm; Rajesh Babu of Lok to join HR Food board; Aavishkaar India II is co-investor Impact investment fund, Lok Capital, has led an investment of Rs 45 crore ($6.7 million) in Ranchi-based HR Food Processing firm, which manufactures and markets dairy products under the brand 'Osam'. The Series B round of funding was led by Lok Capital-advised Growth Catalyst Partners (GCP), the third fund from the India-focused VC firm, with co-investment from existing investor, Aavishkaar India II Company. The funds will be used to expand HR Foods' production capacity and extend its distribution outreach into neighbouring districts in Jharkhand and Bihar. With this ... image
Business Standard
177 22

Lok Capital leads Rs 45 cr investment in Jharkhand's dairy brand Osam

Lok is now a large minority holder in the firm; Rajesh Babu of Lok to join HR Food board; Aavishkaar India II is co-investor

Impact investment fund, Lok Capital, has led an investment of Rs 45 crore ($6.7 million) in Ranchi-based HR Food Processing firm, which manufactures and markets dairy products under the brand 'Osam'. The Series B round of funding was led by Lok Capital-advised Growth Catalyst Partners (GCP), the third fund from the India-focused VC firm, with co-investment from existing investor, Aavishkaar India II Company. The funds will be used to expand HR Foods' production capacity and extend its distribution outreach into neighbouring districts in Jharkhand and Bihar. With this ...

image
Business Standard
177 22