Creation Investments Capital Management and Everstone Capital Invest INR1 Billion (Asia)

Source: VCCircle | Author(s): Shruti Ambavat

India-based agri-logistics service provider Sohan Lal Commodity Management (SLCM) has raised an INR1 billion (approximately US$15 million) funding round led by alternative investment management firm Creation Investments Capital Management and India-focused private equity firm Everstone Capital, which is an existing investor in the company. SLCM plans to use the new capital to grow its non-banking finance company Kissandhan and to expand its network of warehouses across India.