Lok Capital Leads US$6.6 Million Series B Round for HR Food Processing (Asia)
Posted On: 01 Dec 2016 | Source: Asian Venture Capital Journal | Author(s): Justin Niessner
India-focused impact investment firm Lok Capital has led an INR450 million (approximately US$6.6 million) Series B round for India-based dairy producer HR Food Processing. Lok invested through its third fund, Growth Catalyst Partners. South- and Southeast Asia-focused impact fund advisory firm Aavishkaar also participated in the round via Aavishkaar II. HR Food Processing plans to use the funds to expand production capacity and distribution.