Bikano eyes Rs 200 Cr through export market, launches frozen products in international market
Guwahati based Kishlay Foods which manufactures snacks, chips and biscuits has raised $15 million (Rs 100 crore) in its latest round of funding. The investment round was led by growth equity investment firm Norwest Venture Partners (NVP) and D.K. Surana, promoter of Intensive Softshare Services.
The investment which also features a prominent secondary share sale component, will be used to primarily buyout the existing business partners, and also to expand distribution in North and East India markets, launch additional product lines, and enhance the management team.
The financing is expected to fuel growth towards establishing a stronger brand platform and capturing an increased share of the organized snack market in India. Mumbai based Softshare Services is also the sole syndicator and advisor to the deal.