Indian AC manufacturer EPACK to raise $21m from ICICI Ventures

Indian AC manufacturer EPACK to raise $21m from ICICI Ventures

Photo: Dewi Karuniasih / Unsplash.com

 EPACK Durable Pvt. Ltd, India’s second-largest contract manufacturer of room air-conditioners (RACs), will raise 160 crore from funds managed by private equity firm ICICI Ventures, as it plans to expand its manufacturing capacity significantly, top company executives said.