JM Financial PE Invests In Isthara Parks
JM Financial Private Equity said it has completed an investment of Rs 40 crore in Coimbatore-based co-living operator Isthara Parks Pvt Ltd. The investment was completed in two tranches between July 2019 and June 2020. Isthara provides fully-furnished shared-living accommodation for working professionals and students along with a host of amenities like daily meals, wi-fi internet, gym, laundry and housekeeping service. "The Isthara management brings to the table deep domain knowledge in hospitality, IT and real estate and proven execution capability," said Darius Pandole, Managing Director and CEO for private equity and alternate investment funds at JM Financial. The fund focuses on backing strong entrepreneurs with disruptive ideas combined with on-ground operational excellence.
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