Help Lightning, Inc. announced that it has received $10.999977 million in funding from Resolve Growth Partners, Larsen & Toubro Limited, Engage Ventures, LLC and other investors
June 31, 2021
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On June 1, 2021, Help Lightning, Inc. closed the transaction. The company amended the terms of the transaction and now received $11,000,000 in the transaction. The company received $3,000,000 in its second tranche led by new investor Larsen & Toubro Limited (BSE:500510) and included participation from new investor Engage Ventures, LLC and other investors. In all, the transaction included participation from 24 investors.
Larsen & Toubro Limited is a diversified group. Net sales (not including sold divisions) break down by activity as follows:
- engineering and construction services (68.5%): implementation of turnkey projects of transportation, building, factories, engineering instruments, etc.;
- construction, installation and implementation of hydrocarbon exploration and production projects (17.2%);
- development of thermal power plants and manufacturing of energy production equipment (4.4%);
- manufacturing of aerospace and defense equipment and systems (3.2%);
- manufacturing of custom designed equipment and systems for core industries (2.7%): equipment and systems for the fertilizer, refining, petrochemical, chemical, oil and gas, thermal and nuclear energy industries;
- other (4%): manufacturing of industrial machines and products (industrial valves, welding machines, building equipment, etc.), production of concrete, real estate development, etc.
Net sales are distributed geographically as follows: India (80.1%), Saudi Arabia (3.6%), United Arab Emirates (2.2%), Qatar (2.1%), Kuwait (1.6%) and other (10.4%).
Help Lightning, Inc. announced that it has received $10.999977 million in funding from Resolve Growth Partners, Larsen & Toubro Limited, Engage Ventures, LLC and other investors