Private Equity

Angel Investments

QSR startup Auntie Fung's raises Rs.3.35 Cr from IAN, others

Entrepreneur  

Bengaluru-based QSR startup Auntie Fung's has raised INR 3.35 crore in a funding round led by India Angel Network. The round was led by Anjali Malhotra, Ajay Rajgarhia, and Nitin Jain. The round also saw participation from Lead Angels, Lets Venture, and Chandigarh Angels. Previously, the startup had raised seed funding from Raja V, former president and chief executive officer, GE Healthcare, India. Auntie Fung's plans to use the fresh capital to open new cloud kitchens, build back-end capability around supply chain and technology, hire talent from the culinary world, and build brand awareness.