FMCG startup Mitra raises Rs 14 Cr in bridge round led by Bestvantage

Share via:


FMCG startup Mitra has raised Rs 14 crore ($1.6 million) in a bridge round of equity funding led by Bestvantage Investments, with participation from existing backers including a Dubai-based family office and other marquee investors.

The proceeds will be used to launch a new 3,000-ton refined flour (maida) plant in October, expand into millet-based and lifestyle categories such as gluten-free, sugar-free, diabetic-friendly flours, and organic spices, while also enhancing its presence in GCC markets. Mitra also plans to integrate smart manufacturing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

FMCG startup Mitra raises Rs 14 Cr in bridge round led by Bestvantage


FMCG startup Mitra has raised Rs 14 crore ($1.6 million) in a bridge round of equity funding led by Bestvantage Investments, with participation from existing backers including a Dubai-based family office and other marquee investors.

The proceeds will be used to launch a new 3,000-ton refined flour (maida) plant in October, expand into millet-based and lifestyle categories such as gluten-free, sugar-free, diabetic-friendly flours, and organic spices, while also enhancing its presence in GCC markets. Mitra also plans to integrate smart manufacturing…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

IBM plans to skill 5 million Indians by 2030

IBM plans to train five million people across...

Apple TV’s next big psychological thriller gets a premiere...

Apple TV’s account on X confirmed today the...

Today’s NYT Connections Hints, Answers for Dec. 21 #924

Looking for the most recent Connections answers? Click here...

Popular