GramyaHaat Rural Tech Pvt Ltd announced that it has entered into a purchase agreement with new investor TTK Prestige Limited for gross proceeds of INR 150,000,000 on June 12, 2024. The company will issue compulsorily convertible debentures in the transaction. The company will receive an initial tranche of INR 50,000,000.

Post the conversion of the debentures, the investor will own equity of more than 5% in the company. The company expects to close the transaction in 18 months.