Foodtech startup Anveshan raises Rs.3-Cr from DSG, Titan Capital, angels

Bengaluru-based foodtech startup Anveshan has raised INR 2.88 crore in a seed round of funding led by DSG Consumer Partners (which invested INR 1.85 crore). The remaining amount, in the deal concluded in Feb-21, was invested by existing angel investor Titan Capital (via Kunal Bahl, Rohit Bansal and Bipin Kumar Shah) as well as Sumit Jain, Dinesh Jain, Ashutosh Valani, Priyank Shah, Jagadeesh Dondeti, Kushagra Gupta, Shubham Bansal, Neeraj Tyagi, Aman Gupta, Sameer Mehta and Karthik Bhat. The company has allotted 10 equity shares and 685 Seed 3 CCCPS (at an issue price of INR 41,432 per share) which converts into a 5.45% stake, valuing the company at INR 52.88 crore.