Guwahati- based Kishlay Foods Raised $15 Million in the Latest Funding
One of the leading snack food manufacturing venture Kishlay Foods announced that it has raised $15 million (Rs100 crore) in the latest funding round. The round was led by equity investment firm Norwest Venture Partners (NVP) and D.K. Surana, promoter of Intensive Software Services.
Founded in 2003, the company’s investment also features a prominent secondary share sale component. The funds so raised will be utilized in acquiring the existing business partners, and also to expand distribution in North and East India markets. A part of the funds might also be used to launch additional product lines and enhance the management team.
Sandeep Bajaj, CEO of Kishlay Foods said, “Kishlay foods is well positioned to penetrate deeper in its home markets and expand further in new geographies and p...