Affirma Capital led a $40m funding round in EPack Durable.

Affirma Capital, a private equity firm, led a $40m funding round in EPack Durable, an India-based air conditioning supplier. The proceeds will be used to develop new manufacturing capacity that is hoped to leverage a recent government production-linked incentive scheme for white goods. “As penetration levels of air conditioners and small home appliances increases, and the industry gets more organised, EDPL is well positioned for significant growth, and we look forward to helping the company’s founders in this journey,” Udai Dhawan, Affirma Head of India.