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Singapore-based Xander Group acquires Waverock IT SEZ in Hyderabad for Rs 2,200 crore with GIC. The iconic 2.4 million sq ft IT SEZ houses tech giant
In May 2023, ET first reported that global insurance and asset management major Allianz Group and Shapoorji Pallonji Group were looking to exit the IT Special Economic Zone (SEZ) property and that GIC had emerged as the frontrunner to acquire the 2.4-million-sq-ft asset.
Sid Yog, the founding partner of Xander Group, reflected on his career in discussion with ESR Hong Kong managing director Rui Hua Chang during a fireside chat at the ULI Asia Pacific Summit 2023 in Singapore.
New Delhi, April 13: Purple Style Labs (PSL), the parent company of Pernia's Pop-Up Shop (PPUS), has secured USD 14 million in Series-C funding from an impressive roster of investors, including ValueQuest S C A L E Fund, Singularity Growth Opportunities Fund I, ValPro, Masaba Gupta, and many other high-profile individuals. The round also saw the continued support of existing investors such as Astarc Ventures, Mukul Agrawal (Param Capital), Neelesh Bhatnagar (NB Ventures) and Yuj Ventures/Sid Yog (Founder, Xander Group).
The company plans to invest capital in younger labels and continue acquiring mature brands as part of its vision.