Premji Invest goes big on strategic output & tech
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Premji Invest is set to lead funding rounds for Bengaluru-based firms Sanlayan Technologies and Hical Technologies.
- ✓The investment firm plans to put $30-40 million into each company.
- ✓These deals show that Premji Invest has started to focus more on strategic manufacturing and deeptech businesses to grow its portfolio this year.
Story at a Glance
- Category
- BUSINESS
- Reported By
- Economic Times
- Reading Speed
- 1 Minute(s)
- Market Focus
- India Economy
Premji Invest and Singularity AMC are likely to lead a $30-40 million round in Sanlayan at a valuation of about $200 million, according to the people. Separately, Premji Invest is in advanced talks to lead Hical's first institutional funding round of $30-40 million, alongside TVS Capital.
Bengaluru: Premji Invest has held discussions to back Bengaluru-based defence electronics maker Sanlayan Technologies and aerospace components manufacturer Hical Technologies, marking an intensification of the private investment firm's bets on strategic manufacturing and deeptech companies, people familiar with the development said.Premji Invest and Singularity AMC are likely to lead a $30-40 million round in Sanlayan at a valuation of about
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Economic Times
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