- The investment of INR 360 crores (USD 44.3 million) by the ICICI Venture is the first Private Equity raised by the Cello World.
- The investment also marks ICICI Venture’s fifth India mid-market-focused Private Equity (PE) fund.
- At the event, the CEO of the ICICI Venture, Punit Nanda, said that the company was targeting an investment of USD 350-400 million for its fifth PE fund.
- Cello World was established in 1967 that is known for its products in hydration (plastic bottles and steel), thermo-ware, and glass-ware/opal-ware categories. The current MD & Chairperson of the company is Pradeep Rathod.
- ICICI Venture is a capital market company that was established in 1988 with its headquarters in Mumbai. The current CEO of the company is Punit Nanda.
Question:
Q.1 The ICICI Venture recently invested a sum of ______ in Cello World.a. INR 320 Cr
b. INR 360 Cr
c. INR 400 Cr
d. INR 440 Cr
