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Dry fruit brand Bolas in talks to raise ₹900 crore from PEs
Mint Kolkata
|May 29, 2025
Dry fruit brand Bolas is in early discussions with private equity investors including Westbridge Capital to raise ₹800-900 crore in its first institutional funding round, two people in the know told Mint.
"The investors are looking to secure a significant minority stake in the company and the round will be a mix of primary and secondary transactions," one of the two people said, seeking anonymity. The promoters are expected to dilute a part of their holdings, but valuation discussion is underway.
According to a second person, the capital will primarily go towards expanding Bolas' retail footprint in Karnataka from 80 to 150-200 outlets.
This story is from the May 29, 2025 edition of Mint Kolkata.
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