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September 19, 2013

Deal Alert: Printland raises Rs 5-Cr from SIDBI and others

Delhi-based web to print solutions company Printland has raised Rs 5 crore in the form of debt and equity from Small Industries Development Bank of India (SIDBI) as well as existing investors Evista Venture Capital and Sanjeev Kakar, co-founder of startup incubator Aegis Centre for Entrepreneurship.

The company will use the funding to acquire specialised equipment and to expand solutions to the global market. It plans to raise Rs 10 crore by the end of the year and intends to get a strategic partner in web-to-print space. The company, with a printing facility in Delhi, has over 30,000 corporate and small and medium enterprise clients. 

Source: Economic Times

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