[Funding alert] Adukale Secures INR 11 Cr Funding Led by Force Ventures

FMCG firm Adukale has secured INR 11 crore (about $1.32 mn) in a funding round led by Force Ventures, supported by notable investors such as Aanya Ventures, Subrata Mitra, Radhika Pandit among others.

The company intends to use the funds to grow its network of distribution channels, open more stores, and make additional investments in research and development as well as production for its upcoming product lineup.

Read also - [Funding alert] Bubble Tea Brand Boba Bhai Secures INR 12.5 Cr Seed Funding

In addition to its website, it offers products through a variety of e-commerce and fast commerce networks, as well as general and contemporary trade channels. In addition, Adukale offers 20 experience facilities located in Bengaluru and Mysuru, along with an expanding online store.

In its most recent investment round, the company has raised over Rs 16 crore.

About Adukale

Adukale is a snacking company that was founded in 2009 by Nagaratna Ravindra, Malathi Sharma, and MS Ravindra. It offers a selection of snacks and quick-cooking ingredients for recipes.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.