VBHC may raise $20 mn from Tano Capital, Ambit
Deal values company that is co-founded by Mphasis Corp founder Jerry Rao at close to `700 crore
Mumbai: VBHC Value Homes Pvt. Ltd (VBHC) is raising almost $20 million (approximately ₹ 133 crore) from private equity (PE) fund Tano Capital and Ambit Corporate Finance Pvt. Ltd, two people aware of the development said. The deal values the firm—co-founded by Jerry Rao, founder of software services firm Mphasis Corp.—at close to ₹ 700 crore, they said.