IIFL PE, Sofina emerge as frontrunners to invest in venture capital-backed D2C brand

Homegrown private equity firm IIFL Special Opportunities Fund and European investor Sofina SA have emerged as frontrunners to invest in a venture capital-backed tea etailer, two persons told VCCircle.  The investors are in advanced discussions with Delhi-based Vahdam Teas, which seeks to raise around $20 million (Rs 148 crore) in its ......