Ready-To-Cook Food Brand ‘Fingerlix’ Raises Rs 20 Cr From Swiggy, Accel and Others
Fingerlix, a ready-to-cook food brand, has raised another tranche in its Series C round.
The startup has raised around Rs 20 crore from Swiggy and some other investors.
First reported by entrackr, Fingerlix has raised Rs 5 crore, Rs 2.5 Crore and Rs 2.33 crore from Rhodium Trust, Accel Partners, and Swiggy, respectively. Other investors like Horizon Techno, Frigerio Conserva Allana and a few individual investors have put in the remaining amount.
With the allotment of the fresh shares, Swiggy has control over 25.03% stake in the company while the promoters holding has been diluted to 22%.
In February 2019, Swiggy had invested Rs 31.2 crore in Fingerlix’s Series C round.
Started by Shripad Nadkarni, Shrikrishna Bharambe, Varun Khanna and Abhijit Berde in 2016, Fingerlix is a food processing company that prepares and produces ready-to-cook food for families.
The food brand serves a wide range of products like batters, mixes, curries, dals, parathas and ‘fully-ready’ accompaniments.
Fingerlix operates in Delhi NCR, Mumbai, Pune, Bengaluru, Hyderabad and Chennai, and it also provides customised dishes to its consumers.
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