Isthara parks pvt ltd. - Latest News Update, Information, Photos & Videos on Isthara parks pvt ltd. at Lokmat Times

JM Financial Private Equity said on Wednesday it has completed an investment of Rs 40 crore in Coimbatore-based co-living operator Isthara Parks Pvt Ltd.The investment was completed in two tranches between July 2019 and June 2020.Isthara provides fully-furnished shared-living accommodation for working professionals and students along with a host of amenities like daily meals, wi-fi internet, gym, laundry and housekeeping service."The Isthara management brings to the table deep domain knowledge in hospitality, IT and real estate and proven execution capability," said Darius Pandole, Managing Director and CEO for private equity and alternate investment funds at JM Financial."The fund focuses on backing strong entrepreneurs with disruptive ideas combined with on-ground operational excellence."Having expanded at a rapid pace since the first tranche investment, Isthara met the targets laid out for additional funding ahead of anticipated timelines.The second tranche infusion in Isthara will be utilised by the company to add another 4,000 to 5,000 beds under executive housing in addition to around 5,000 beds under student housing by the end of current financial year.( With inputs from ANI )

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Isthara Parks Pvt Ltd.FOLLOW

Isthara parks pvt ltd., Latest News

Maharashtra :JM Financial Pvt Equity completes Rs 40 cr investment in Isthara Parks

JM Financial Private Equity said on Wednesday it has completed an investment of Rs 40 crore in Coimbatore-based co-living operator Isthara Parks Pvt Ltd. ...