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Agri warehousing co Sohan Lal looks to raise up to $60 mn
Mint Mumbai
|July 25, 2023
Sohan Lal Commodity Management (SLCM), one of the top agri warehousing companies in India, is looking to raise $48-60 million (₹393-491 crore) from institutional investors by December-end, said two people aware of the matter.
Around ₹100-150 crore of the planned fundraise may be used to give an exit to some of the company's early backers, the people cited above said, requesting anonymity. They, however, added it would depend on the early investors if they decide to exit.
Sohan Lal counts Everstone Capital, Mayfield Fund, Nexus Venture Partners and ResponsAbility Ventures among its early backers.
This story is from the July 25, 2023 edition of Mint Mumbai.
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