Pune-based fruit snack company Frubites which is owned by Rev Snacks has raised an undisclosed amount of funds in a fresh funding round from Mumbai Angels Network and others.
The company is planning to use these funds to strengthen the brand, expand distribution as well as expand product offerings across vegetables, nuts, and fruit.
“We are looking to scale up this model rapidly by being present across as many points of sales as we can target through modern trade and online channels,” said Bharat Kulkarni, co-founder of Rev.
Founded in 2018 by Bharat Kulkarni and Rohit Kulkarni, Rev produces ready-to-eat snacks by the help of freeze-drying technology that retains the flavour and nutrients of the fruit.
The foodtech space is recently gaining a lot of attention and these companies are getting a boost in all aspects. Several deals have been reported in the broader snacks space in the recent past. Several companies including Mumum Co., Eat Anytime etc had raised considerable amount of funds this year.