Jungle Ventures invested $20 million in Walko Food, an ice-cream brand and quick-service restaurant company. Investors are focusing on quick capital efficiencies and centralised infrastructure in the food brand sector. Startups with food brands raised significant growth-stage fundings.
Mainland China and Oh! Calcutta operator Speciality Restaurants is in advanced talks for its first set of acquisitions, Anjan Chatterjee, chairman of Speciality said, adding that the listed company has set aside a corpus of Rs 125 crore for M&As this calendar year. On the other hand, Rebel Foods, owner of Faasos and Mandarin Oak, is preparing for an initial share sale early next year, the first cloud kitchen company to go public.
Budget 2024: The industry is also demanding a special performance-linked incentivisation for brands expanding their networks in tier 1 & tier 2 cities.
Companies, across seed, early and late stages, had raised about $722 million in 30 rounds in the period from January 13 to 19 last year, as per data from Tracxn.
Wow! Momo Foods gets Rs 350 crore funding from Khazanah Nasional Berhad adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.