Investments | Page 2

According to a press release, the funds raised will be used towards its technology infrastructure, building an organizational structure, and driving market awareness.

The firm noted that "all key portfolio management strategies have consistently outperformed their benchmarks. Under Athreya's leadership, the private credit vertical emerged as one of the key aspects of its growth story, said Sundaram Alternates in a press release.

The rebound was driven by a surge in venture and growth deals, sectors rooted in technology and new-age consumption.

The company has stated that it will utilize the IPO's net proceeds towards capital expenditure requirements related to its network infrastructure, funding of lease payments for new first-mile, last-mile, and sorting centers, as well as towards branding, marketing, and communication initiatives, potential inorganic acquisitions, and general corporate purposes.