The Rs 200 crore fund represents a significant step for Optimistic Capital in advancing India’s microbrewery sector within the hospitality industry,…
The funds raised will be used by the company to expand into new geographies and build the network in Bengaluru.
Biryani by Kilo is planning to raise close to $6-8 million in Series A funding in a bid to aid its expansion.
Brewhouse has received $2 million funding from Singapore-based FMCG Group Food Empire Holdings, Positive Food Venture Pvt Ltd.
The company plans to utilize funds for geographical expansion and building a more integrated food solution in the backend.
The fund raising is a part of the company’s plan to enter overseas markets and expand both its product range and cloud kitchen presence nationally.
Out of the $900 million being raised, about $600 million would be invested as primary capital into Swiggy.
The impact investor has picked up a minority stake in Suminter, marking its second deal in the food and agriculture sector in the India.
The homegrown quick-service restaurant chain will raise the funds to expand its outlet network from the existing 25 to 100 by 2020 end.
The funding will be used by the Bangalore-based food-tech startup to fuel its expansion plans.
InnerChef has raised around Rs 13 crore ($1.76 million) in a fresh funding round led by existing investor Mistletoe.
The funds have been raised by LightSaber Food Ventures Pvt. Ltd., selling healthful food under the Snackible brand.
This funding is part of a total commitment of Rs 130 crore from Viswanathan, Quintela and the AVT Group.
The round was led by Bertelsmann India Investments, Vertex Ventures Southeast Asia and India along with UCLA.
The company sold 50,000 cases across rum and brandy in FY18 and is looking to sell over 2 lakh cases by FY19.
Mumbai-based Coolberg seeks to tap into the “sizeable” portion of the Indian population that does not consume alcohol, the statement said.
The Syndicate Fund and angel investor Sven Hensen, founder and managing partner of business analytics firm mayato. Existing investors Zeroth, a startup accelerator, and Artesian Venture Partners also participated in this funding round.
The Bengaluru-headquartered Barbeque-Nation, which pioneered ‘over the table barbeque’ concept in Indian restaurants, filed its Draft Red Herring Prospectus (DRHP) for its maiden IPO in August 2017.
The financing is expected to fuel growth towards establishing a stronger brand platform and capturing an increased share of the organized snack market in India.
The company will use the finance for expanding retail distribution into other cities of northern India, including Lucknow, Jaipur and Chandigarh.
Equity International, GTI Capital Group and International Finance Corporation had also invested in SAMHI Group.
Unibev’s offerings compete with the premium brands of French giant Pernod Ricard and British company Diageo, which now controls United Spirits.
SaffronStays claims to be cash flow positive at a unit level even as it clocks about Rs 5 crore in annual revenues.
The company acquired a subscription-based food startup Paco Meals. With this move, it will help Paco Meals with the technology.
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