Mumbai: Enam Investments has led a $8 million growth capital investment round in Corvi LED, a world-class lighting products design company. This significant infusion will allow Corvi LED to expand into new geographies with a more robust distribution network, diversify its product portfolio, and further enhance its technological capabilities.
Commenting on the development, Vimal Soni, Founder of Corvi LED, stated, ” We are delighted to partner with ENAM which is India’s most reputed long-term backers and builders of companies. We feel grateful and super confident of our future that they chose to invest in us.” He further added “While innovation has stagnated across the industry after the shift to LED lights, Corvi LED has continued to lead with our relentless focus on design, development (R&D), and efficiency. This capital infusion will further propel our efforts to pioneer new advancements in lighting technology, setting higher standards for sustainability and user experience. We plan to transform the global lighting market and build a distinct brand with our innovative product range and technology.”Vallabh Bhanshali, Chairman of Enam Group, said, “We are extremely excited to be working with an Indian company that is designing genuinely best-in-class lighting products. We see tremendous potential in Corvi’s approach to this industry. The team has demonstrated exceptional innovation and leadership in the LED sector. We are confident of their ability to create top-tier products that will redefine the lighting market in India.”
