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Advani acts on $2m Oliphans PE in Indian toy-making start up

Advani & Co advised on early-stage venture capital firm Oliphans Capital's $2m (Rs 12.8 crore) investment in toy maker Prothom Industries.

Advani partner Kshitij Sancheti acted for Oliphans. He commented in Advani’s press release: “The Make in India campaign has certainly picked up momentum. We are delighted to have represented Oliphans and conclude this exceptional investment transaction since “manufacturing start-ups” is not so sought-after area of venture capitalists.”

Oliphans has made eight investments including in BVG India (facility management), Den Networks (cable TV service), Ecom Express (e-commerce logistics), LocalBanya.com (grocery e-tailer), Grab.in (formerly Grab-a-Grub, a B2B hyper local food logistics company), OnlineRTI (a company that helps citizens to file RTI for a fee) and Sigrid Education (ed-tech), reported VC Circle.

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