Madhusudan Kela-backed fund buys stake in IPO-bound Steamhouse India for Rs 40 crore

Ace investor Madhusudan Kela-backed Singularity Large Value Fund III and Singularity Equity Fund I, along with Niveshaay Sambhav Fund, have invested a combined Rs 49.99 crore in IPO-bound Steamhouse India through a pre-IPO placement at an i