Simpolo Group is India's largest premium tile manufacturer. The group produces tiles and sanitaryware. It will use the newly raised funds to increase market share and grow penetration in both domestic and international markets. The company plans to expand current production capacity for tiles and sanitaryware. It also intends to improve logistics to support its growth. Simpolo has raised $66 million from India Business Excellence Fund-IV, managed by Motilal Oswal Finvest Ltd, MO Alternate Investment Advisors Pvt Ltd (MOPE), and India SME Investments - Fund I.

Total raised

$66M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2022