'Naagin' hot sauces maker raises $1-M from 8i Ventures, Abhishek Bachchan

Mumbai-headquartered maker of 'Naagin' brand hot Indian sauces Miksar Foods Pvt Ltd has raised over USD 1million from Bollywood actor Abhishek Bachchan, Eight Innovate Fund-I (8i Ventures) and high-net-worth individuals. The funds will be used to invest in expanding online and offline channels nationwide. The firm also plans to invest further in R&D and product innovation.