India's Convergent invests $49m in Puma sportswear spinout
Convergent Finance, a private equity firm founded by former Fairfax India head Harsha Raghavan, has invested INR 4bn (USD 49m) in Agilitas Sports, a local spinout of German sportswear giant Puma.
The investment is part of a INR 4.3bn seed round, with the balance coming from individual investors. It marks the launch of Agilitas by three outgoing executives of Puma India with a view to democratising...
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