Fingerlix raises USD 7 million in Series B round of funding.
Mumbai (Maharashtra) [India], Oct. 17 (ANI): The fresh, ready-to-cook (RTC) food solutions brand Fingerlix has announced raising of USD 7 million from Accel Partners and Zephyr Peacock in Series B round of fundraise.
The amount raised will be utilised for launching new product lines and expanding business to Bengaluru, Hyderabad, and Chennai.
"The past few years have witnessed a rise in demand for convenience foods led by rapid changes in consumers' lifestyle and food preferences. However, the market for ready-to-cook fresh food remains largely untapped. Given the exciting response that Fingerlix has received in Mumbai and Pune, we believe it is well-positioned to become the market leader in this emerging segment across the country," said vice president Zephyr Peacock, Pankaj Raina.
Accel Partner's participation in Fingerlix's Series B funding along with existing investor, Zephyr Peacock underlines the immense potential of the convenience food category, especially the RTC segment. With the RTC food segment emerging as a solutions brand, people can customize each dish and relish delights prepared in the state-of-the-art kitchens of Fingerlix. (ANI)