27 July 2010
Re-Feel Cartridge Engineering, an Indian chain of 109 national ink refill-chain stores, has gained private equity from TLG Capital.
According to The Financial Times, TLG is investing $4.5 million into Re-Feel for a 36 percent stake.
Re-Feel plans to use the funds to expand a new chain of computer repair shops called Club Laptop. With 24 outlets already in place, Re-Feel plans to grow Club Laptop rapidly through the Re-Feel chain of stores.
The three-year-old company is growing fast, much like the remanufacturing industry in India.
Re-Feel is a retail printer cartridge refilling and recycling chain with its head office at Kolkata, India. Its 109 stores are located across 70 cities in India, they are independently owned and operated by the franchisees.