SUMMARY
- Arihant Foundations & Housing Limited has bagged Rs 109 crore through preferential equity distribution.
- This funding was obtained from leading investment funds, such as the Lotus Family Trust, and CaratLane founders, Mithun and Siddhartha Sacheti.
- These funds will be used to broaden its reach and solidify its position throughout South India.
Arihant Foundations & Housing Limited has bagged Rs 109 crore through preferential equity distribution. This funding was obtained from leading investment funds, such as the Lotus Family Trust, overseen by Madhusudan Kela, and CaratLane founders, Mithun and Siddhartha Sacheti.
The Chennai-based company plans to utilize these funds to broaden its reach and solidify its position throughout South India by undertaking developments in residential, commercial, and senior living sectors.
Arihant Foundations operates as a real estate development firm in the South Indian region. Through this strategic alliance, Arihant Foundations intends to enhance its financial strength, enabling the company to pursue further growth and project development, as stated in a press release.
CaratLane’s founder Mithun Sacheti said, “Arihant has consistently demonstrated a commitment to quality and innovation in the real estate industry. We are thrilled to partner with our investment partners and support their mission of creating outstanding urban spaces.”
“We are thrilled to have collaborated with these strategic investors. Their insights, experience, and commitment to excellence are aligned with Arihant’s growth vision. This relationship will provide valuable support as we continue to scale our operations, innovate, and expand our footprint in South India” said Kamal Lunawath, Managing Director of Arihant Foundations.
