Snacks maker Adukale raises Rs 11 crore in funding round
ETtech.com -

Direct-to-consumer snacks and instant foods maker Adukale has secured Rs 11 crore in a funding round led by venture fund Force Ventures. The funds will primarily be used for expansion of the company’s offline presence, its chief growth officer, Vinay Gopinath, told ET.Adukale, founded in 2009, sells a variety of snacks and instant food ingredients for dishes like dosa, idli and poha. With the latest funding round, the firm has raised more than Rs 16 crore.Chief executive Bharat Kaushik said the...

In related news

  • Lenskart revenue jumps to Rs 3,788 crore in FY23; trims losses to Rs 102 crore

    Omnichannel eyewear retailer Lenskart saw its consolidated operating revenue more than double to Rs 3,788 crore in FY23 from Rs 1,502 crore a year earlier. The Gurugram-based company reduced its losses from Rs 102 crore in FY22 to Rs 64 crore in FY23. Total expenses also increased in line with the growing scale of the company, coming in at Rs 4,025 crore in FY23 compared to Rs 1,726 crore in the year-ago period. Notwithstanding the loss on a net basis, Lenskart reported earnings before interest,...

  • Network-as-a-service provider CloudExtel raises Rs 200 crore debt

    Network-as-a-service (NaaS) provider CloudExtel Wednesday announced it has secured its first external debt funding of Rs 200 crore, that will go into expanding its network of small cells and fiber optics.The telecom infrastructure provider has also received an A- credit rating from CARE Ratings.The debt funding comes after CloudExtel secured equity investments from Macquarie Capital and Advencap in FY24.The company said the capital infusion is a testament to the scalability and viability of...

  • Birlasoft’s net profit grew 11.8% to Rs 180 crore

    C K Birla group’s IT firm, Birlasoft reported a net profit of Rs 180 crore in the March quarter of FY24, up 11.8% quarter on quarter (QoQ). The profit for the company grew by a whopping 60.5% on-year.The growth in profit in Q4 comes on the back of surge in non-core income, slight increase in operating margin and a decline in employee expenses. Operating margin jacked up by 33 bps (3.8% QoQ) to end at 14.7% in the final quarter of FY24.The revenue for the Pune-based company in Q4 stood at Rs...