VS Mani & Co raises Rs 2.5 cr

In an angel round of funding, south Indian food specialty startup VS Mani & Co on Tuesday informed that it has raised $3,70,000 (over Rs 2.5 crore). In a statement, VS Mani & Co informed that in this fundraising round, it witnessed the participation of Angel investors such as Haresh Chawla, Partner, True North Co; Anupam Mittal, Founder and CEO People Group; Ashish Hemrajani, Founder & CEO, BookMyShow; Sidharth Rao, Group CEO DentsuMB; Rajan Navani, Founder & CEO JetSynthesys; actor-producer Rana Daggubati and Sattva Group’s family office. Further, the firm informed that the raised capital will be utilized to take its online-first business to other platforms and expand the product line to include south Indian snacks.

After the successful fundraising round, the founder of the company, G D Prasad said, “Many south Indian foods are popular across the country but there are hardly any pan-India players who have consolidated this opportunity into a comprehensive, ready-to-consume range of south Indian delicacies. We want to create a ‘national south Indian brand.” The firm is also eyeing an expansion outside of India.