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...