Auntie Fung’s, a Bengaluru-based QSR startup, has raised Rs 3.35 crore in an angel round led by India Angel Network. The funding round was led by angel investors Anjali Malhotra, Ajay Rajgarhia and Nitin Jain.Auntie Fung’s plans to use the freshly infused capital to open new cloud kitchens. Along with that, the funds will also be used to build back-end capability around supply chain and technology. According to a statement released by Indian Angel Network (IAN), it will also look to hire key talent from the culinary world and build brand awareness.Published by Business Today on September 23 | https://bit.ly/3mwzSNICheck out how Revenue Based Financing is the asset class for the Smart Investor and what investors should account for in Bharat-focused startups?
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