Vadodara-based industrial glass products maker Goel Scientific Glass Works Ltd is planning to raise around Rs. 10 crore through private equity funding.
The company is embarking on the designer home décor glass products segment under the brand D’Boro.
“We are planning to have a private equity partner in the next 3-4 months. The company’s valuation exercise is underway and we plan to raise about Rs. 10 crore through a PE partner. For this, we are ready to give about 10-20 per cent stake to PE partner,” Hemant Goel, Chairman, Goel Scientific Glass Works Ltd, said at a media briefing in Ahmedabad on Friday.
Goel informed that the additional funding will be required to strengthen its manufacturing as well as marketing of the home décor glass products.