Madhusudan Kela’s Family Fund, CaratLane Founders Invest in Arihant Foundations & Housing Ltd 

Bengaluru, November 29, 2024: Arihant Foundations & Housing Limited, announced a strategic investment of Rs 109 Crore through preferential equity allotment. The investment has been secured from marquee investment funds – the Lotus Family Trust managed by Madhusudan Kela, along with CaratLane founders Mithun and Siddhartha Sacheti. 

The funds would be utilised by Arihant foundations to expand its presence and increase its foot hold across south India by developing projects spread across residential, commercial and senior housing, informs a press release issued by the company. 

Mithun Sacheti, Founder Caratlane said, “Arihant has consistently demonstrated a commitment to quality and innovation in the real estate industry. We are thrilled to partner with our investment partners and support their mission of creating outstanding urban spaces.”

“We are thrilled to have collaborated  with these strategic investors. Their insights, experience, and commitment to excellence are aligned with Arihant’s growth vision. This relationship will provide valuable support as we continue to scale our operations, innovate, and expand our footprint in South India” said Kamal Lunawath, Managing Director of Arihant Foundations, while commenting on the new partnerships.