t
| Date | 20 Aug 2021 |
| Time | 07:00:06 |
| Category | Miscellaneous |
| ID | 2193J |
Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful
Symphony International Holdings Limited (LSE: SIHL) is pleased to announce an investment in Catbus Infolabs Pvt Ltd, the holding company for India-based last-mile logistics provider Blowhorn.
This round of funding was also participated in by existing investors of Blowhorn that include Chiratae Ventures, Draper Associates, and Michael & Susan Dell Foundation. The investment by Symphony amounted to less than 1% of its NAV.
Blowhorn is a same-day intra-city last-mile logistics provider headquartered in Bangalore. The company provides seamless transportation, warehousing, and a fully technologically integrated system to manage the end-to-end supply chain process.
The fresh capital will go toward supporting Blowhorn's network expansion plans, enabling them to extend their geographical reach across India and serve a wider customer base as well as continue their mission of democratizing same-day delivery.
Anil Thadani, Chairman of Symphony's Manager, said: "The breakout nature of innovation within the Indian logistics sector is currently a very exciting space for us to be a part of. We are excited to partner with the Blowhorn team as they continue to leverage their strong technological capabilities to expand and support a wider network of customers."
About Blowhorn
Blowhorn is a same-day intracity logistics provider headquartered in Bangalore. Offering transportation, warehousing, and a fully integrated technological solution to manage the end-to-end supply chain journey, the company currently operates across over 70 cities across India. Blowhorn's asset-light micro-entrepreneur driver model, has won them investment from impact investors including the Michael & Susan Dell Foundation, Sorenson Impact, and Unitus Ventures. Additional investors include Chiratae Ventures, Draper Associates, Dream Incubators, Symphony Asia, and Venture Catalysts, among others.
You can visit https://blowhorn.com for more on Blowhorn.
Symphony Asia Holdings Pte. Ltd. +65 6536 6177
Anil Thadani
Rajgopal Rajkumar
Dealing codes
The ISIN number of the Ordinary Shares is VGG548121059, the SEDOL code is B231M63 and the TIDM is SIHL.
The LEI number of the Company is 254900MQE84GV5DS6F03.
Symphony International Holdings Limited (LSE:SIHL) is a London listed strategic investment company that invests in consumer related businesses, primarily in the healthcare, hospitality, lifestyle (including branded real estate developments), logistics and education sectors predominantly in Asia. It offers a way for investors to gain exposure to rising disposable incomes and wealth in fast growing economies. Symphony's objective is to provide superior capital growth by investing in high quality companies and form long-term business partnerships with talented entrepreneurs and management teams. Symphony's investment team has a broad range of expertise - many of its professionals have been working in Asia for more than 35 years. For more information please visit our website at www.symphonyasia.com.
No representation or warranty is made by the Company as to the accuracy or completeness of the information contained in this announcement and no liability will be accepted for any loss arising from its use.
This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.
This announcement is not an offer of securities for sale into the United States. The Company's securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.
The Company and the Investment Manager are not associated or affiliated with any other fund managers whose names include "Symphony", including, without limitation, Symphony Financial Partners Co., Ltd.
End of Announcement