Zephyr Peacock to raise $125 Million in 3rd round this year
Printer Print Email Email
Mumbai: In a bid to tap the growing SME space in India, private equity firm Zephyr Peacock is looking at third fund raising of around $125 million (Rs 562 crore) early this year, a top company official said today. Zephyr Peacock, the Indian arm of US-based Zephyr Management, has so far invested close to $70 million in various sectors in the Small and Medium Enterprises (SME) segment in the country. "We are looking at raising our third fund of around $125 million over the next few months. We are looking at sectors such as agriculture, financial service, infrastructure and education sector. We are quite optimistic about the high- growth story of SME segment in India," Zephyr Peacock India Director Sachin Maheshwari told PTI here. He, however, refused to divulge any further details of the fund raising exercise as it is in a preliminary stage. So far, from its first and second funds, Zephyr has invested in six firms in India - Time Technoplant (polymer products firm), WLC India (a vocational training provider), Maxop Engineering (die-casting firm), Miles Software (a financial software firm), Metro Wireless (telecom solution provider) and Trimax (IT Infrastructure). In its third round, Zephyr Peacock plans to raise the funds from multiple sources such as domestic capital (HNIs, institutions and domestic banks), Maheshwari said. The proceeds will be used for equity and equity- related investments in growth capital opportunities in the SME space, he added. .
Source: PTI
Digital Supply Chain Transformation – Winning the AI/ML Way