Madhur Iron & Steel Secures 10.85 Crores in Pre-IPO Round, Garnering Support from Key Investors Including Ankit Mittal, Planify Capital, VPK Global Ventures Fund

Madhur Iron & Steel Secures 10.85 Crores in Pre-IPO Round, Garnering Support from Key Investors Including Ankit Mittal, Planify Capital, VPK Global Ventures Fund

Raipur, India – Madhur Iron & Steel Ltd, strategically located in Bhilai, has successfully concluded its private placement funding round, raising 10.85 crores. The round saw significant participation from esteemed investors, including Ankit Mittal, Planify Capital, Rajkot-based VPK Global Ventures Fund, and Persistent Growth Fund.

Led by Jayant Aggarwal and his younger brother Umang Aggarwal, Madhur Iron & Steel is renowned for its advanced manufacturing technologies, stringent quality assurance measures, and commitment to environmental sustainability, delivering Indian and International grade Angles, Rods, Flats, and Channels, including British and American standards. The company’s dedication to excellence has positioned it as a leader in the industry, catering to the diverse needs of its esteemed clientele like PowerGrid, Zetwork, Kalpatru Power, and Indian Railways.

The successful completion of the pre-IPO funding round underscores the confidence in Madhur Iron & Steel’s business model and growth prospects. This strategic infusion of capital will fuel the company’s expansion initiatives, enhance manufacturing capabilities, and strengthen its market presence. Madhur Iron and Steel is eyeing to hit the capital markets to launch its IPO later in the year.

CEO Jayant Aggarwal expressed gratitude for the overwhelming support from investors, stating, “We are thrilled to have secured this significant investment, which reaffirms our position as a key player in the industry and propels us towards our ambitious growth objectives.”

Disclaimer: The information and facts presented in this press release have been sourced from Madhur Iron & Steel Ltd. We assume no responsibility for the accuracy, reliability, or completeness of the information provided herein. Any reliance on the information contained in this press release is at the reader’s own risk.

FnS International Secures 3 Crores in Pre-IPO Investment, Backed by Leading Investor Ankit Mittal and Mavuca Capital Advisors

FnS International Secures 3 Crores in Pre-IPO Investment, Backed by Leading Investor Ankit Mittal and Mavuca Capital Advisors

Delhi, India – FnS International, a prominent player in the tableware segment, proudly announces the successful closure of its pre-IPO funding round, raising 3 crores. The round, led by esteemed investor Ankit Mittal and Mavuca Capital Advisors, demonstrates confidence in FnS International’s business model and growth potential.

Established in 2005 by Adish Jain and his wife Kamlesh Jain, FnS International has emerged as a leading provider of premium tableware products. With a diverse product range including cutlery, bar accessories, dinnerware, casseroles, dispensers, chafing dishes, and snack servers, FnS International caters to the discerning tastes of customers worldwide.

Operating from its base in Delhi, FnS International has expanded its footprint across various segments, establishing a strong presence in both traditional hospitality chains and modern establishments such as Radisson, ITC, and Crown Plaza. Moreover, FnS International has carved a significant online presence through leading e-commerce platforms including Amazon, Flipkart, Nykaa, Myntra, and its own website, fns.co.in.

Ankit Mittal, a leading investor, recognized the potential of FnS International, stating, “We are excited to support FnS International in its journey towards greater heights. The company’s commitment to quality and innovation positions it as a frontrunner in the tableware segment.”

The funds raised in the pre-IPO round will empower FnS International to further expand its product portfolio, strengthen its distribution network, and enhance its online presence. With plans to launch its IPO later in the year to fuel its next leg of growth, FnS International is poised for accelerated expansion in the market.

CEO Adish Jain expressed gratitude for the support from investors, remarking, “We are grateful for the confidence shown by Ankit Mittal, Mavuca Capital Advisors, and other investors. This investment will enable us to realize our vision of becoming a global leader in the tableware industry.”

Disclaimer: The information and facts presented in this press release have been sourced from FnS International. We assume no responsibility for the accuracy, reliability, or completeness of the information provided herein. Any reliance on the information contained in this press release is at the reader’s own risk.