Paragon Partners has invested Rs 100 crore ($ 15 million) in two firms. It pumped Rs 75 crore in Cravatex Brands, a pan-India retail and distribution platform for lifestyle, sports and wellness, and Rs 25 crore in InCred Finance, a technology-driven lender backed by Anshu Jain, the former co-chief executive of Germany's Deutsche Bank.
With these two deals, Paragon has deployed Rs 275 crore across four companies through its maiden fund Paragon Partners Growth Fund-I, the private equity firm said. Paragon has been founded by Siddharth Parekh, the younger son of HDFC chief Deepak Parekh, and his childhood friend and Wharton
