Active Stocks
Tue Mar 19 2024 12:41:08
  1. Tata Consultancy Services share price
  2. 4,020.00 -3.01%
  1. Tata Steel share price
  2. 149.90 0.20%
  1. Bharti Airtel share price
  2. 1,229.60 0.37%
  1. Power Grid Corporation Of India share price
  2. 259.95 -1.91%
  1. ITC share price
  2. 410.30 -1.70%
Business News/ Companies / Start-ups/  Fingerlix to raise $7 million in Series B round from Accel, Zephyr Peacock
BackBack

Fingerlix to raise $7 million in Series B round from Accel, Zephyr Peacock

Ready-to-cook food brand Fingerlix will use the funding from Accel Partners and Zephyr Peacocks to expand into more cities, says founder Shripad Nadkarni

Ready-to-cook food brand Fingerlix started operations in Mumbai and Pune and recently expanded to Delhi NCR.Premium
Ready-to-cook food brand Fingerlix started operations in Mumbai and Pune and recently expanded to Delhi NCR.

Mumbai: Fingerlix, a ready-to-cook food brand, on Tuesday said it was raising $7 million from venture capital firm Accel Partners and existing investor Zephyr Peacock in a series B round of funding, the company said in a statement.

Fingerlix, which sells a range of products including batters, mixes, parathas, snacks, Upma Mix, Biryani Mix, Puran Poli, began operations in Mumbai and Pune. It has recently launched its products in the national capital region (NCR).

“With this latest round of funding, we aim to introduce more offerings and foray into newer cities to introduce Fingerlix to a larger customer base. We look forward to working closely with the investors in the areas of analytics, widening of our distribution channels and expanding our presence across high-demand geographies," said Shripad Nadkarni, founder of Fingerlix.

The company also plans to expand into newer geographies of Bengaluru, Hyderabad and Chennai and also launch new recipe-based offerings. According to Pankaj Raina, vice president of Zephyr Peacock, the past few years have witnessed a rise in demand for convenience foods, led by a rapid change in consumers’ lifestyle and food preferences.

“However, the market for ready-to-cook fresh food remains largely untapped. Given the exciting response that Fingerlix has received in Mumbai and Pune, we believe it is well-positioned to become the market leader in this emerging segment across the country," he said.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 18 Oct 2017, 12:34 AM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie