The group is engaged in the business of manufacturing and selling of ice creams and frozen desserts. This is the first round of private equity investment in the Company.
With GST implementation manufacturing goods get cheaper and services will be more expensive. For services like restaurants, hotels, air, train travel, mobile communications, these industries will be affected more.
The PE space in India is changing, more and more food businessmen are asking very tough questions to investors' particularly good entrepreneur and good businesses have multiple revenues to raise funds.
But, there are few start-ups and restaurants that grabbed the opportunity and invited investors to put money in them showing great scale for the business.