The round includes $220 million in primary capital, which will be deployed into the business, and $60 million in secondary capital, which went to existing shareholders partially exiting their stakes. The fundraise was led by Motilal Oswal Alternates, Hornbill Capital, and Dragon Funds, with participation from WhiteOak Capital, A.P. Moller Holding, and existing investors including Premji Invest and Advent International.
