Matrix Partners India invests $10 mn in BMI

Published on Fri, Jan 18, 2008 at 12:25 |  Source : Moneycontrol.com

Updated at Fri, Jan 18, 2008 at 13:47  

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Matrix Partners India has invested $10 million as the sole investor in the first round of funding of Brand Marketing India (BMI). BMI is a leading foreign brand marketer and has relationships with Gucci, Calvin Klein, French Connection, Jimmy Choo and several other leading foreign brands.

 

"BMI is our first growth capital investment consistent with the strategy articulated with our fund expansion recently. We believe there is a large market opportunity for foreign brands in India and the seasoned senior management team at BMI has strong domain expertise to capitalize on this opportunity." said Rishi Navani, co-founder & Managing Director, Matrix India

 

Sourced From: Vaishnavi Corporate Communications Pvt Ltd

  

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