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ICICI Venture Invests in Cello World

Published on November 17, 2022
Current Context: The ICICI Venture Funds Management Company Limited recently invested INR 360 crores in Cello World.
ICICI Venture Invests in Cello World
  • 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.


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
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