Warburg Pincus Invests US$77 Million in Kalyan Jewellers (Asia)
Posted On: 03 Apr 2017 | Source(s): VCCircle | Author(s): Debjyoti Roy
Global private equity firm Warburg Pincus has invested INR5 billion (approximately US$77 million) in India-based jewelry retailer Kalyan Jewellers. The company operates 106 outlets in South Asia and the Middle East and plans to use the funds to expand its geographic presence and develop an e-commerce segment. Warburg previously invested in Kalyan in 2014.