India's Adlabs Imagica raises $8m from NYLIM, Jacob Ballas
Indian theme park operator Adlabs Entertainment has raised INR500 million ($8.18 million) in a pre-IPO round of investment from NYLIM Jacob Ballas India, a vehicle co-owned by New York Life Insurance Company and Jacob Ballas Capital.
Adlabs Entertainment owns theme park brand Adlabs Imagica. The company's flagship property is in Khopoli, on the Mumbai-Pune expressway, which opened in April this year. The park is spread over 300 acres...
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