Though the company declined to comment, according to the sources in the know, the new round will value the startup at over $500 million.
Sterlite Technologies Limited (STL) recently launched a manufacturing facility in South Carolina with an investment of $56 million. They also recently announced they've partnered with TruVista for rural US broadband services.
Investors can use SIP approach to tide through some of the current volatility they see in the market, especially when investing in the mid and small-cap segments, says Agarwal.
We have a more bottom-up approach to investing and we believe that one can find investment opportunities even in sectors where we might have a negative view.
Utilities and packaging should do okay because a number of companies in the space cater to essential needs while multiplex and other real estate plays will take time to recover, says Agarwal.
Alankit Ltd (BSE: 531082, NSE: ALANKIT), part of Alankit Group and a leading e-Governance Service provider in India,