Bangalore-based food startup Zzungry that offers freshly prepared Indian cuisine has raised a round of seed funding from Silicon Valley-based entrepreneurs Satish Vasudeva, Madhusudhan Jujare and other individual investors. The funding will be utilized for expansion and building revenue channels.
Gurgaon-based DSM Fresh Foods Pvt Ltd, which runs online startup Zappfresh to sell raw meat and associated ready-to-eat products, has raised an undisclosed amount in fresh funding mainly from Indian Angel Network investor Ashvin Chadha and a Mumbai-based affluent individual from the hospitality sector. The funding will be utilized to hire people in key departments and increase capacity.
Vegetarian food chain Sattviko has acquired Delhi-based packaged products company FYNE Superfood for an undisclosed amount to ramp up its packaged products offerings. The brand and products of Fyne Superfood will now be merged with Sattviko. Darpan Majumdar, one of the co-founders of FYNE Superfood, will join the company and lead the intellectual property transfer for the next six to seven months.
QwikPik Technology Pvt Ltd, which runs food start-up Yumlane, has raised funds in a seed round from Flipkart chief executive officer Binny Bansal and People Group founder Anupam Mittal. It said that the funding round was under $1 million. The funding will be utilized for brand building, marketing initiatives and increasing footprint.
Public-listed rice exporter and marketer LT Foods Ltd has acquired the 817 Elephant brand of rice from its Amritsar-based parent company Deva Singh Sham Singh (DSSS). The 817 Elephant brand has been supplying rice to the large Indian and Middle Eastern ethic markets in the US, Canada, Australia, Europe and Middle East.