Absolute Foods Eyes $90 Million Funding At $300 Million Valuation
11/05/21, 3:06 AM
Location
mumbaiMoney raised
$90 million
Mumbai: Absolute Foods is putting together a $75-90 million (Rs 558-670 crore) funding round led by global investors Falcon Edge and Tiger Global, valuing the five-year-old farming and supply chain startup at $250-300 million, three people with direct knowledge of the move said.
Company Info
Location
mumbai, maharashtra, india
Additional Info
The company, the person said, began with raising a smaller round but expanded the size of the round given strong investor interest. ”“The company is raising a larger funding round to fuel its technology growth and enter newer markets,” said a second person. INThe company has a presence across India, the Middle East and North Africa. In March this year, the company raised $2 million from Sequoia Capital’s incubation programme, Surge, and two angel investors: Nadir Godrej and Sanjiv Rangrass.