Stovekraft Pvt Raises Rs50 crore from Sequoia

According to reports, Stovekraft Pvt. Ltd, a Bangalore, India-based manufacturer of small appliances, solar water heaters and modular kitchens under the brand name of Pigeon and Gilma, has received a Rs50 crore investment from Sequoia Capital.
Stovekraft Pvt, which operates manufacturing facilities in Bangalore and Baddi, Himachal Pradesh, will use the funds to further expand across India.

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