On Friday, food delivery and newly unicorn status company Swiggy invested Rs 31.2 crore (~ $4.4 million) in Pune-based ready-to-cook food startup Fingerlix, according to documents sourced from business signals platform paper.vc.
With this investment, Swiggy has acquired about 9% of shares in Fingerlix, says the document.
Maverix Platforms Private Limited, the parent firm of Flingerlix, allotted 20,65,542 cumulative convertible preference shares to Bundl Technologies that owns Swiggy, the documents showed.
The maiden investment from Swiggy is part of on going Series-C financing round of Fingerlix which is estimated to raise ₹63 crores.
Accel India V (Mauritius) and Zephyr Peacock India Fund III are other investors, participating in the round.
Founded in 2015, by Shree Bharambe, Fingerlix serves a range of ready-to-cook dals, curries, and parathas among other things. It currently operates in Mumbai, Pune, Delhi NCR, Bengaluru, Hyderabad, and Chennai.
Fingerlix has raised a total of $16.9 million in funding over 5 rounds including this one. It counts Accel, Alteria Capital and New York-based VC firm Zephyr Management as its investors.
Currently valued at $3.3 billion, Swiggy had recently acquired Kint.io, a deep learning-based object recognition startup, for an undisclosed amount.
This month, it was also reported Swiggy may acquire India business of Uber Eats, which is worth $330 million.
Top Featured Image Source – economictimes.indiatimes.com
Like this content? Sign up for our daily newsletter to get latest updates.
This site uses Akismet to reduce spam. Learn how your comment data is processed.
We Dont Spam !