Wednesday, May 16, 2007

Oak Investment announces $200 million retail fund

US based venture fund, Oak Investment Partners, announced its plans to launch a $200 million retail fund focused on the Indian retail industry. The company has already roped in some high profile executives, including Jacob Kurien, the former COO of Tanishq and the CEO of a prominent food chain. Jerry Gallagher, general partner of Oak had visited several of the malls and shopping centers in the country recently and held meetings with mall developers as well as retailers on this venture.

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