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March 10, 2013

Deal Alert: Speciality apparel maker Dhama Innovations scouting for $12-M

Kranthi Vistakula-founded Dhama Innovations, a maker of specialized garments and lifestyle products, is looking to raise $10-12 million from an international investor. The firm's turnover of Rs.50 lakh (2011-12) is expected to grow to Rs.80 lakh to Rs.1 crore in 2012-13.

Dhama had raised Rs.90 lakh from Reliance Ventures and from Mumbai Angels, in 2009. Together, they had picked up an around 19% stake in the company. They were bought out by a group of 3-4 HNIs within two years.

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