PLUSS Polymers raises VC funding of Rs. 150 mn

By admin August 17, 2013 12:51 pm IST

PLUSS Polymers has announced raising VC funding of Rs.150 million from Tata Capital Innovations Fund. The capital has been raised as equity to assist the company further in its R&D and manufacturing initiatives.

Samit Jain, Director, PLUSS Polymers, expressed his delight and said, “Investment from Tata Capital Innovations Fund will help us in expanding capacity and tap new geographies. We, at PLUSS, intend to further develop and roll out new products through additional funds received.”
PLUSS Polymers is engaged in the business of R&D and manufacture of specialised polymers and phase change materials (PCMs).