VC Fund Investments
TABP Snacks and Beverages attracts Rs.20-Cr from LC Nueva AIF, others
Coimbatore-headquartered TABP Snacks and Beverages, which owns food brand Tanvi Foods, has raised INR 20 crore in a pre-Series A funding round led by LC Nueva AIF and angel investor Arun Mukherjee. Koushik Chatterjee of Tata Steel and Aniruddha Sarkar of Quest Investment also participated in the funding round. TABP plans to use the fresh capital to expand into new territories, strengthen R&D, and production capacity. Founded in 2019 by Prabhu Gandhikumar, the firm is a subsidiary of The Gandhikumar Group. It sells a range of snacks and cold drinks, priced between INR 5 and INR 10.
From the Venture Intelligence PE-VC Deal Database: Between Mar-2021 and Apr-2022, TABP had raised about USD 1.5 M from LC Nueva, Yukti Securities,Others. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details.)
Want to receive such news items in your inbox? Click Here to sign up for a trial.
