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HomeBNC ShortsCookware Co Aniket Metals raises Rs 55 cr

Cookware Co Aniket Metals raises Rs 55 cr

Bharat Value Fund, managed by Pantomath Capital, investes

MUMBAI, Oct 17 (The CONNECT) Aniket Metals Private Limited (AMPL) has confirmed the closure of a private placement round of INR 550 million as Bharat Value Fund, managed by Pantomath Capital Management Pvt Ltd, invested in the Company for a minority stake.

Established in 2012, AMPL is a leading player in cookware, kitchen gadgets, cutlery, and kitchenware, primarily sold in the USA and the UK markets. AMPL manufactures 650+ products across six broad categories in stainless steel and aluminum, catering to all segments in retail, commercial, and Hotel, Restaurant and Café/Catering (HoReCa) sectors.

The Company is a strategic vendor to Walmart Inc. and currently serves 7 of the top 10 global retailers, including ASDA, TJX, ROSS Inc., and Lidl. In 2020, it acquired the Italian brand ‘MORINOX’ to incorporate Italian automation and design into its product range.

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