LIVGUARD RAISES RS 220 CRORES FROM CHRYSCAPITAL AND NCUBATE CAPITAL TO FUEL FUTURE GROWTH
Started in 2014,
LivGuard has already established itself as a strong player in the energy
solution space in India and global markets. The brand operates under the SAR Group, which
has an incredible legacy of 30 years. The investment will help LivGuard to further
accelerate its growth across all segments through capacity enhancement, moving
into electric vehicle lithium battery space, new product development, brand and
distribution.
Speaking on the occasion Mr. Rakesh Malhotra,
Founder & Mentor, LivGuard said, “We are thrilled about ChrysCapital investing and is a testament of
what we have already achieved to set a strong foundation for future. This investment will accelerate our existing business
plans and develop future technologies. Since, there is a space for strong player in
the market; this investment will help us to grow further in this sector”
Speaking on the investment Mr. Navneet Kapoor,
Chairman & Co- Founder, LivGuard said, “With this
strategic funding, we are looking forward to augment innovation and technology
to scale up our product portfolio and manufacturing across the country.”
Commenting on the announcement Mr. Gurpreet Singh
Bhatia, CEO, LivGuard said, “The investment is crucial for us
to build the brand, distribution thereby ensuring a sustained accelerated
growth.”
Commenting on the investment, Raghav Ramdev,
Director, ChrysCapital said, “ChrysCapital is excited to partner with LivGuard
in its journey to become a leading battery manufacturer. LivGuard has scaled well over the past few years
and has built a strong pan-India distribution network along with an excellent
manufacturing footprint.”
Grant Thornton was the exclusive financial advisor for this
transaction.
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