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Sixth Sense bets on spice maker Pushp
Mint Mumbai
|December 28, 2023
Sixth Sense Ventures, the consumer-focused venture capital fund that has supported companies such as Bira91, Giva, Neeman's, Shop Kirana, Parag Milk, and ADF Foods, among others, is venturing into the spices category with an investment from its third fund.
Through its SSIO-III fund, Sixth Sense Ventures has invested 100 crore (around $12 million) in domestic spice manufacturer Pushp, paving the for an existing investor to divest some of its stake. The deal, a combination of primary and secondary transaction is likely to see A91 Partners making a partial exit.
However, the quantum of primary and secondary share sale was not disclosed.
Dit verhaal komt uit de December 28, 2023-editie van Mint Mumbai.
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