Dhama

Dhama, which held 3,500 square feet of land on lease at the outset, plans to boost this to 10,000 square feet in three years.

Reliance, Mumbai Angels Exit Dhama Apparel Divya Guha 2011

New Delhi -- Reliance Venture Asset Management Ltd, a unit of the Anil Ambani-controlled Reliance Group, and Mumbai Angels, a business incubator, have sold their respective stakes of 45% and 5.5% in Hyderabad-based Dhama Apparel Innovations Pvt. Ltd to two other investors.

Reliance, Mumbai Angels Exit Dhama Apparel Divya Guha 2011

"Dhama is geared to becoming more of a manufacturing firm now, dependent upon textile and machinery," said Harshal Shah , chief executive of Reliance Venture.

Reliance, Mumbai Angels Exit Dhama Apparel Divya Guha 2011

The value created by Dhama's intellectual property had already been cashed in.

Reliance, Mumbai Angels Exit Dhama Apparel Divya Guha 2011

Dhama is now widening its product range by adapting the heat-regulating technology for retail buyers.

Reliance, Mumbai Angels Exit Dhama Apparel Divya Guha 2011

This marks Reliance Venture's third exit this year after selling out of French 4G chipmaker Sequans Communications, which listed on the New York Stock Exchange, and Hyderabad-based Dhama Innovations, through a secondary sale to private equity investors.

Reliance Venture Trades Pelago Stake Divya Guha of Mint 2011

Reliance Venture and Mumbai Angels had invested an undisclosed sum in Dhama, which makes speciality clothing for extreme climates, in mid-2009, but have exited at a time when Dhama is looking to diversify.

Reliance, Mumbai Angels Exit Dhama Apparel Divya Guha 2011

Reliance Ventures and Mumbai Angels had co-invested in Dhama to capitalize on its founder and chief executive Kranthi Kiran Vistakula 's innovative clothing technology, patented in 2008, which is designed to keep the wearer warm or cool using rechargeable batteries.

Reliance, Mumbai Angels Exit Dhama Apparel Divya Guha 2011

Maybe Dhama was right but just didn't know what to do.

The Lost Blog Will 2010

Maybe Dhama was right but just didn't know what to do.

The Lost Blog Will 2010