Venture Capitalists News Hubb
Advertisement Banner
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact
No Result
View All Result
Venture Capitalists News Hubb
No Result
View All Result
Home Venture Capital Market

The Capital Quest | Mt K Kapital raises $43 mn realty fund for Mumbai Metropolitan Region

admin by admin
January 16, 2023
in Venture Capital Market


Real estate investment firm Mt K Kapital said Monday it has raised Rs 350 crore ($43 million) under a new fund and has already committed around half of the corpus across a clutch of projects in the Mumbai region.

Mt K Resi Development Fund is structured as a Category-II SEBI Alternative Investment Fund and attracted money from anchor investors like SBI besides family offices behind corporate names like Famy Care, Rustomjee and others.

The fund aims to invest in 8-10 projects in Mumbai Metropolitan Region, with a focus on redevelopment with the Rustomjee Group as the development partner. It is co-led by Binitha Dalal and Abdeali Tambawala.

Dalal has been head of fundraising for Rustomjee Group for over a decade. Tambawala has previously worked in IIFL AMC’s real estate fund vertical. In his last assignment he was part of Welspun One’s fund management unit. The duo floated Mt K Kapital in March last year.

The fund has committed money across three redevelopment projects, including two in Bandra and one in Andheri with sale areas ranging from 0.5 to 1 lakh sq ft each.

“Through this fund, we continue to leverage our development expertise in the MMR while partnering towards maximising value to the investors. This is a new pool of capital that works on the principles of win-win for all stakeholders and partners. In times to come, the platform will grow and create a new pool of capital for the sector,” Boman Irani, Chairman and Managing Director of Rustomjee Group, said.

Related



Source link

Previous Post

MetaMask Partners With Lido, Rocket Pool To Enable ETH Staking

Next Post

RBI proposes banks design own credit loss models under newer provisioning system

Next Post

RBI proposes banks design own credit loss models under newer provisioning system

Recommended

The Capital Quest | Brookfield, existing backers TPG and ADIA to invest $200 mn in UPL’s agritech biz

11 months ago

The Capital Quest | Advent creates Indian API platform Cohance Lifesciences

11 months ago

Paytm swings to operating profit in Q3; narrows losses

8 months ago

Assn. targets OYO’s IPO following CCI rap, hotel chain refutes charges

11 months ago

The Capital Quest | Saudi PIF forms tourism-focused unit after buying into Almosafer

10 months ago

US States Are Going After Coinbase Following SEC Lawsuit — Here’s How

4 months ago

© Venture CapitaLists News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

Newsletter Sign Up.

No Result
View All Result
  • Home
  • Venture Capital Market
  • Venture Capital Funding
  • Contact

© 2022 Venture Capitalists News Hubb All rights reserved.