Delhi-based food ingredients maker startup Veba Foods raises ₹75 cr Series D funding from Samaa Capital, Belgium-based Verlinvest & others.
As per the Regulatory filings, the company Veeba Food Services Private Limited has allotted 691,550 Series D preference shares of ₹10/- at a premium of ₹1074.52 each on March 02, 2018.
In 75 crores funding, Samaa Capital invested ₹16 Cr, DSG Consumer Partner invested ₹14.99 Cr, Sixth Sense Ventures invests ₹3.19 Cr and Verlinvest ₹40.79 Cr.
Veeba Foods has so far raised ₹201 Cr funding in various rounds of funding involving the same set of investors and some HNIs.
The Condiments and sauce maker platform was founded by Viraj Bahl in 2013. The company supplies sauces and dips fast-food chains including KFC, Pizza Hut, Burger King, Taco Bell, Domino’s and Starbucks etc and also the restaurants.
In the press release to Pixr8, the company said, “Veeba is committed to the idea of responding to the changing palate of Indians today. Introducing the most innovative preparations made from the freshest ingredients. Offering the fastest growing range of dips, sauces, and dressings.”
Earlier, Veeba foods raise over $6 million (Rs40 crore) in a series C round led by the same Belgium investment group Verlinvest.