Kaizzen bags undisclosed funding from Maven Corporate Advisors
This investment has shifted the stakeholder structure, with Maven now holding a majority stake of 76%, while Vineet Handa and co-promoter Puja Handa's shares have decreased to 24%
Kaizzen, an integrated PR firm led by Vineet Handa, secured funding from Maven Corporate Advisors in 2023, according to media reports. However, the deal amount remains undisclosed.
This investment has shifted the stakeholder structure, with Maven now holding a majority stake of 76 per cent, while Vineet Handa and co-promoter Puja Handa's shares have decreased to 24 per cent, as per media reports.
According to media reports, Puja Handa has stepped down as director, making way for new board members Karan Singh Surjit and Krupa Dashsathbhai Limbachiya. Vineet Handa, however, remains the managing director and a key promoter, with no immediate plans to depart from the company. Media reports indicate there is no earn-out period in the agreement, suggesting that the new investors are seeking returns on their investments.
While it remains unclear if Maven provides specific PR expertise beyond its financial investment, the funding is aimed at fueling Kaizzen's growth ambitions, according to media reports.
The firm plans to double its turnover in the 2023-2024 fiscal year, targeting 50 crores. The funds will be utilised to expand services in government and investor relations, as well as to enhance Kaizzen's presence in Dubai.
This investment marks a significant development in the ongoing consolidation of the Indian PR landscape, according to media reports. Over the past two decades, international PR firms have increasingly sought a presence in India through acquisitions of local firms.
