Norwest Venture Partners

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...

Online food ordering startup Swiggy has raised Rs 47 crore from existing investors Norwest Venture Partners, DST Global and Accel Partners. The value of Swiggy is now over Rs 865 crore or $130 million. Over the past few months, the company has also seen its order value basket size increased to Rs 375 per order. Close to 30% of these orders are cashless. Swiggy is also fulfilling close to 40,000 orders from the eight cities that it operates in including Bengaluru, Hyderabad and Delhi-NCR. The new round of funding gives the startup additional horsepower to go deeper into its core eight cities and maintain its market leadership position as it competes with other startups including Zomato and Runnr, to be formed after the merger of Roadrunnr and TinyOwl. Reddy explained that the compa...

Tag: Norwest Venture Partners

Guwahati- based Kishlay Foods Raised $15 Million in the Latest Funding

Bangalore Based Food Startup Swiggy Raised Rs 47 crore