VC Fund Investments
Food brands aggregator BBFT raises Rs.4.8 Cr from Artha India Ventures, angels
Delhi-based food brand aggregator Big Bang Food Tech (BBFT) - operated by HDA Flavour Pvt Ltd - has raised INR 4.8 crore in seed funding led by Artha India Ventures. Angel investors such as Harsh Jain, Ashneer Grover, Chitra Radhakrishnan, Lakshmi Alagappan, Anand Kumar, and Nikhil Aggarwal also participated in the round. BBFT aims to acquire and scale food brands that have a proven Product-Market Fit (PMF). BBFT has made its first acquisition - the Kathi roll brand ‘34 Chowringhee Lane', started in 2004 with 40 outlets nationwide. It sells via high street retail as well as online sales channels. BBFT will acquire three more legacy brands by 2022-23. BBFT is founded and led by Abhimanyu Singh Rana (IITD), Sonia Sinha (ISB, ex-Google), Manu Mohindra (IHM, ex-Taj), and Sonia Mohindra (IHM, ex-ITC).
Want to receive such news items in your inbox? Click Here to sign up for a trial.
