While Suchanti declined to share details, he confirmed to ET that it’s a part debt and equity deal, and Concept would infuse capital for growth. “The deal is engineered in a way where we will be scaling up business by making heavy investments in working capital,” said Suchanti, CMD, Concept.
Vivek Suchanti–promoted independent media company Concept Communication Group has picked up 51% in New Delhi-based retail and experiential marketing firm Lastmile Solutions.
While Suchanti declined to share details, he confirmed to ET that it’s a part debt and equity deal, and Concept would infuse capital for growth. “The deal is engineered in a way where we will be scaling up business by making heavy investments in working capital,” said Suchanti, CMD, Concept.
He said that last year, Lastmile revenues were Rs 10-12 crore, which he intends to scale up to Rs 100 crore in the next six years.
Source: Economic Times