India’s Nekkanti Sea Foods raises $30 million in pre-IPO round

07/23/2018 7:54:00 AM (GMT)

Indian shrimp products exporter Nekkanti Sea Foods has raised $30 million in a pre-IPO investment round.

The round saw participation from Motilal Oswal and other prominent public markets investors such as New Horizon Investments, White Oak Capital, and Madhusudan Kela.

Nekkanti plans to use the funds to meet its working capital requirements.

In the financial year 2016-17, the company recorded revenue of $120.8 million, up from $112.6 million in the previous year.

Nekkanti Sea Foods

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