Max Ventures and Industries (MVIL) operates as an investment and operating arm within the Max Group, focusing on manufacturing, real estate development and education and on supporting promising early-stage organisations. The company says incoming funds will be used to invest in these focus areas and to provide intellectual and financial capital to startups. MVIL has a long-standing relationship with New York Life, which the chairman describes as a first major partner when Max was reinvented in 2001. The board has approved a capital raise that includes a preferential equity allotment and the issuance of convertible warrants. The raise involves a ₹78 per-share price and proposed convertible warrants exercisable within 18 months that would affect promoter stake on a fully diluted basis. On conversion of the proposed warrants the promoter group’s shareholding would be 38.02% on a fully diluted basis.

Total raised

$18M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2017