Iron Pillar also adds more industry professionals as Partner, Board Partner and Principal in the team
Palo Alto/Bangalore, July 06, 2021 . Iron Pillar today announced an investment of $10M from Allana Group in its Fund II. The 150 years old Group has manufacturing and distribution in 20 countries and has market leadership in oils, proteins, several FMCG brands and agri products. In 2017, the Group set up a corporate venture arm and has since made investments in e-commerce, grocery products, challenger brands, media and healthcare. The Group specializes in consumer industries with a strong focus on ASEAN, MENA and India. Adil Allana, Supervisory Board member of the Group, will join Iron Pillar as a Board Partner.
Iron Pillar also added three senior professionals to its investment team. Sajid Fazalbhoy, previously with Blume Ventures, has joined Iron Pillar as Partner. Pavan Gupte, with more than twenty years of alternative investments experience with firms like CVCI, KKR and Hermes GPE has joined as a Board Partner. Rahul Garg, previously with Kalaari Capital and Lehman Brothers, has joined as Principal.
Anand Prasanna, Managing Partner, Iron Pillar said – “We have an existing relationship with Adil and Allana Group through their investment in FreshToHome, where they have added significant value to the company in operations and international expansion. This is the logical next step for us to take our fruitful partnership forward to support many more of our portfolio companies. As we continue to build Iron Pillar, we look forward to collaborating with more large Indian and global business groups who can help our portfolio companies improve their operations and expand across US, Middle East and Asia Pacific.”
Iron Pillar’s portfolio includes technology companies like Uniphore, FreshtoHome, Servify and CoreStack that are built from India for Indian and global markets. In 2020, Iron Pillar has also set up ‘Iron Pillar Network’, a stellar line up of senior technology executives from companies/institutions like Amazon, Bertelsman, Careem, Cloudera, Discord, Google, Intertrust, JLL, McGraw Hill, Optum, SAP, Snowflake, SRI, UPenn, University of Utah, Zoho etc to help its portfolio companies expand globally.
For media queries, please contact:
Shefali Kotnala
shefali@spectrummails.com
Iron Pillar is a venture growth investor, focused on enterprise and consumer technology businesses that are building from India for the world. Since 2016, Iron Pillar has been working closely with extraordinary Founders to help them scale profitably from ~$10 million to $100 million+ in revenues. The firm has consistently executed this strategy across its marquee list of portfolio companies, including BlueStone, CureFoods, FreshToHome, Servify, Uniphore and others.
Beyond capital, Iron Pillar works alongside Founders to accelerate their business growth across three key areas: (1) expanding business development to global markets; (2) providing guidance on go-to-market strategies, including access to C-level talent; and (3) facilitating strategic capital introductions. The firm is dedicated to partnering with Founders on their journey to build transformational, resilient and valuable companies.
Iron Pillar has offices in Bangalore, Mumbai, Dubai and Palo Alto. Additional information is available at www.ironpillarfund.com