Saturday, April 20

Tag: Anicut Capital

Timla Foods Secured $2 million in Debt Financing
1Aug By Gauri SinghNo Comments
FUNDING

Timla Foods Secured $2 million in Debt Financing

Timla Foods, an online platform for grocery and gourmet food shopping has secured an amount of $2 million in form of debt financing from Anicut Capital. Anicut Capital is a Chennai-based alternative asset management firm, which basically invests in small and medium enterprises, the popular beer brand Bira maker’s B9 Beverages counts among its prominent investments. Founded in 2016, Timla Foods is a Hyderabad-based company which makes ready-to-eat popcorn under the brand ‘Popi-Corn’. Timla Foods is a Kae Capital backed company, which has raised over $3 million in debt and equity till now and has its existence across Andhra Pradesh, Telangana, Delhi and Bengaluru. Since its launch, the company has grown over 35,000 retail touch points in key metros, selling about 150,000 packets eve...
Read More
Beer Startup Bira 91 Raises Funding
27Apr By Sheldan RungasamyNo Comments
FUNDING

Beer Startup Bira 91 Raises Funding

B9 Beverages, the company producing Bira 91 beers, a low-calorie beer recently raised non-convertible debentures to Anicut Capital, an asset management platform based in Chennai. The company, backed by American Venture Capital company Sequoia Capital, allotted 100 debentures worth Rs 10 crore to Anicut Capital in Mid-April. In March, the company also raised around Rs 5 crore from the Chennai based asset management company. Bira 91 is a startup that aims bringing craft beer, “handmade one barrel at a time”, to the Indian public and the United States. The New Delhi-based startup founded in February 2015 aims bringing an alternative quality beer to the international beverages imported in India. Bira 91 arrived in the Indian market in full force and went from selling 150,000 cases of ...
Read More