Hindustan Media Ventures Limited (HMVL) has announced an investment of up to Rs. 93.4 million in KSKT Agromart Private Limited, a Mumbai-based organic grocery and dairy marketplace. The deal, signed on March 20, 2026, aims to leverage HMVL’s media assets while supporting KSKT’s rapid growth trajectory.
HMVL disclosed the investment under SEBI’s LODR regulations, confirming that the acquisition is not a related-party transaction. The move reflects the company’s strategy to diversify into high-potential consumer markets while ensuring long-term capital returns.
Strategic Investment In Agri-Tech
HMVL will subscribe to equity shares and compulsory convertible preference shares of KSKT Agromart. The acquisition is expected to be completed by April 2026, with the final shareholding determined upon conversion.
About KSKT Agromart
Founded in October 2020, KSKT operates the platform “Kaze Living,” offering healthier food alternatives through its organic marketplace. The company has shown strong revenue growth, scaling from Rs. 1.17 crore in FY23 to Rs. 12.99 crore in FY25.
Key Highlights
-
Investment size: Rs. 9.34 crore
-
Mode: Cash subscription to equity and convertible preference shares
-
Industry: Organic grocery and dairy marketplace
-
Turnover growth: Rs. 1.17 crore (FY23) to Rs. 12.99 crore (FY25)
-
Completion timeline: April 2026
Sources: Hindustan Media Ventures Limited regulatory filing