Viney Growth Fund sold 45,000 shares of Ravelcare Limited for ₹51 lakh at ₹112.72 apiece in a bulk deal.
A digital-first beauty and personal care brand that offers a comprehensive range of products to consumers across India. Incorporated in November 2018, Ravelcare operates primarily through online channels and e-commerce platforms to deliver innovative beauty and personal care solutions. The company distinguishes itself through its direct-to-consumer business model and focus on digital-native retail strategies within the competitive personal care sector.
Viney Growth Fund is a SEBI registered alternative investment fund and an active anchor investor in Indian small and medium enterprise IPOs, backing newly listed companies across sectors including technology, engineering, healthcare, infrastructure and consumer businesses.
