Pai International plans to raise Rs.500 cr fund for expansion
Sharath Chowdary Electronics retailer Pai International is planning to raise Rs.500 crore venture capital (VC) funding for its expansion in India. The company has more than 80 stores in Telangana and Karnataka. It expects to have around 100 retail outlets across the country by the end of this fiscal, Pai International Managing Director Raj Kumar Pai told The Dollar Business Bureau. As part of the company’s expansion plans, Raj Kumar will be inaugurating six showrooms in different locations of Hyderabad on Saturday. “All the stores are company-owned and we don’t have any franchisees. Till date, we have sourced funds from a consortium of banks. But now, we are looking for VC funding, as the company has decided to open at least 10 stores a ...
