Indian Law Partners (ILP) has counselled Kashmir-based horticultural tech enterprise Qul Fruitwall on an injection of INR600 million (USD7.22 million) from foreign institutional investors in a first for the region.
In a significant milestone, Qul is the first private sector recipient of global institutional capital in the region.
Partners Gopika Pant and Vineet Gupta led the ILP team providing corporate advice with support from of counsel Meraj U Din Sofi and advocate Ibrahim Meraj.
Belgian investor Incofin and Indian growth capital platform Fiedlin invested INR600 million into Qul, setting a compelling precedent for increased foreign institutional capital in Jammu and Kashmir.
Established in 2019, Qul is a tech-enabled integrated platform for apple growers, covering the entire value chain, from orchard installation and development to controlled atmospheric storage and digital supply chain integration.
