Akshaypat Singhania to invest Rs 100cr in start-up ventures

JK International chairman and managing director Akshaypat Singhania on Tuesday said he has created a fund of Rs 100 crore that will invest in lifestyle, healthcare, food and beverage companies and other startups.

He is scouting for start-ups in India that have built brands but are now struggling to raise funds for re-engineering.

"I am looking for companies with strong commitment, which have sustained profitable growth, should have better understanding of business model, understanding of future trends," Singhania said.

"I do not intend to only invest and wait for investments to appreciate, but also use my own experience to help the business grow larger to build a professional team, implement better processes, strengthen use of technology and to infuse transparency in the system so that the business can strive ceaselessly for growth and efficiency. The model should rest on a deep understanding of the business and deliver positive social impact," he added. ********** Cargill appoints Piyush Patnaik as MD for oils biz in India *
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