Adlabs raises Rs 150 cr from ICICI Ventures

Written by Press Trust of India | Mumbai | Updated: Sep 19 2013, 06:57am hrs
Adlabs Imagica, an entertainment theme park promoted by film producer Manmohan Shetty, on Wednesday said it has raised about R150 crore from private equity firm ICICI Ventures to fund its expansion.

The 300-acre theme park, situated on the Mumbai-Pune Expressway, was set up with an initial investment of about R1,200 crore. It was opened to public in April this year.

With this investment, Adlabs will continue on the journey to build a suite of first-of-its-kind entertainment projects for consumers, Shetty said.

The company will add a water park and a hotel soon, which will take the total investment in the project to R1,650 crore, he added.