TABP Snacks and Beverages has raised 20 crore in its Pre-Series A funding round.
TABP Snacks and Beverages, a start-up with its headquarters in Coimbatore, has raised 20 crore in its Pre-Series A fundraising round.
Along with Arun Mukherjee and angel investors, the venture fund LC Nueva AIF led the investment effort. Koushik Chatterjee, the CFO of Tata Steel, and Aniruddha Sarkar, the chief investment officer of Quest Investment Advisors, are two other investors in this round.
The company wants to use the funds raised for R&D, capacity growth, and expansion ambitions. At the moment, Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, and Odisha are where TABP conducts business.
The company says it sells food for $5 and beverages for $10 to Indian consumers who are at the "bottom of the pyramid." The creator of TABP, Prabhu Gandhikumar, stated, "We currently have seven plants, five of which are in Tamil Nadu and two of which are in Maharashtra. A new facility is being built in Rayagada, Maharashtra.
Along with Arun Mukherjee and angel investors, the venture fund LC Nueva AIF led the investment effort. Koushik Chatterjee, the CFO of Tata Steel, and Aniruddha Sarkar, the chief investment officer of Quest Investment Advisors, are two other investors in this round.
The company wants to use the funds raised for R&D, capacity growth, and expansion ambitions. At the moment, Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Maharashtra, and Odisha are where TABP conducts business.
The company says it sells food for $5 and beverages for $10 to Indian consumers who are at the "bottom of the pyramid." The creator of TABP, Prabhu Gandhikumar, stated, "We currently have seven plants, five of which are in Tamil Nadu and two of which are in Maharashtra. A new facility is being built in Rayagada, Maharashtra.
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