Auntie Fung’s, startup, has raised Rs3.35 crore or $454K in an angel round drove by Indian Angel Network (IAN). The round was driven by angel investors Anjali Malhotra, Ajay Rajgarhia, and Nitin Jain. Lead Angels, LetsVentures and Chandigarh Angels have also participated.
According to the Bengaluru-based company, the majority of the new capital raised will be utilized to open its new cloud kitchens. The remaining will be utilized to work back-end capability around inventory network and technology, enlist new talent, and assemble brand awareness.
Started by Subhradeep Bhowmik and Satrajit Das, Auntie Fung’s is an omni channel Asian road food brand zeroed in on food conveyance only, Auntie Fung’s has its essence in Bengaluru and Delhi-NCR.
The company plans to investigate various pockets of chance and construct an innovation pipeline for its consumers with Bao, Sushi, and other upcoming food decisions.
