PE Firm IMK Capital Invests In Tech Company AVPL At Rs 500 Cr Valuation
With this investment from IMK Capital, AVPL is well-positioned to leverage its technological expertise to tap into new markets
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IMK Capital, a leading private equity firm, has announced its investment in AVPL, a fast-growing technology company, at a valuation of 500 Cr. This strategic investment will enable AVPL to accelerate its growth and expansion plans, bolster its research and development efforts, and enhance its product offerings.
Mayank Sanghvi, CEO, IMK Capital while commenting on the investment said, "We are excited to partner with AVPL, a company that is at the forefront of revolutionising the logistics and supply chain industry. The team's deep expertise, customer-centric approach, and innovative solutions have impressed us, and we believe that this investment will help AVPL unlock new growth opportunities and achieve its full potential."
AITMC Ventures (AVPL) is a company focused on vocational training and skill development. Founded in December 2016 by Deep Sisai, a first-generation young entrepreneur, AVPL has set its focus on promoting self-employment by facilitating the training of 350,000 drone pilots through government schemes and NBFCs.
This initiative aims to provide assistance to farmers across 660,000 villages in India. In addition, the company plans to establish 33 centres of excellence for agriculture and drone training in India and abroad.
With this investment from IMK Capital, AVPL is well-positioned to leverage its technological expertise to tap into new markets and cement its position as a market leader in the logistics technology space
AVPL has a clear vision of achieving tri-success by encouraging and empowering youth to take up entrepreneurship as a full-time career, creating employment opportunities through skill development and Startup promotions in Agriculture and allied sectors. The company's mission is to promote self-employment and progressive farming.
AVPL's founder and CEO, Deep Sihag Sisai said, "IMK Capital's experience, insights, and network will be invaluable as we continue to scale our business and expand our product offerings. With this investment, we are well-positioned to further strengthen our position as a leading technology provider in the logistics and supply chain industry."
With a focus on digitalisation, AVPL aims to bring social transformation while promoting the Skill India, Make in India, Digital India, and Startup India missions.
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