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Candes raises Rs 21.9 crores

Home appliance firm Candes Technology Pvt Ltd said it raised $3 million (Rs 21.9 crores) in funding led by Anuraag and Ruchirans Jaipuria and other family offices.

The investors include Lotus group joint managing director Nitin Passi and Redcliffe’s Dheeraj Jai, the company said in a statement.

Candes, which focuses on products like fans, geysers, TV, stabilisers, is on track to achieve Rs 200 crore in revenue this year, the firm said.


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