IndiaCo Ventures inks definite investment agreement with ColMac International

IndiaCo Ventures (IVL) has entered into definite investment agreement with ColMac International, Mauritius to invest in one of the IVL’s aggregation vehicles. ColMac, as per the agreement, will invest approximately $6.4 million and take significant minority stake in one of the IVL’s subsidiaries. This amount will be utilized for further investment by IVL in consumer related business in India such as healthcare, media and entertainment, food services.

IndiaCo is an investment that provides growth capital, strategic direction and hands-on operational expertise to fast growing companies. They invest their proprietary capital, manage Private Equity funds, and also provide PE placement and M&A advisory services.