Speaking about the development, Manu
Agarwal, Founder & CEO, Naaptol, said, “The company intends to use
the funds for expanding its reach and building up an efficient supply
chain. We would also upgrade our studio capabilities to churn out more
and more content in multiple languages every day and invest in
technology.”
The latest financing increased Mitsui
&Co’s stake in Naaptol from 5 percent to 20 percent. This is in
addition to Rs.136 crore which the company raised earlier in April this
