Fingerlix raised Rs 20 Cr from Swiggy, Accel and others

Following a hole of eight months, prepared to-prepare food brand Fingerlix has brought another tranche up in its Series C round, raising around Rs 20 crore from Swiggy and some different financial backers.

Administrative filings show that the Mumbai-based organization has passed an exceptional goal to designate 349,249 Series C2 CCPS to 11 financial backers and 47,518 alternatively convertible inclination offers to Swiggy at an issue cost of Rs 501.08 per offer to bring Rs 19.88 crore up in complete.

Rhodium Trust, Accel Partners and Swiggy have contributed Rs 5 crore, Rs 2.5 and Rs 2.33 crore individually. Different financial backers, for example, Horizon Techno, Frigerio Conserva Allana and a couple of individual financial backers have placed in the leftover sum.

A year ago, Fingerlix had picked two consecutive adjusts including Rs 4 crore from Singapore based Horizon Techno PTE and Rs 14 crore from Accel, Zephyr PeaCock, Swiggy and RB Investments.

After the assignment of new offers, Swiggy currently controls a 25.03% stake in the organization while the advertisers holding has been weakened to 22%. In February 2019, the foodtech unicorn had put Rs 31.2 crore in Fingerlix’s Series C round.

Eminently, the organization has accomplished a 30% flood in its valuation from Rs 337 crore in April 2020 to Rs 440 crore post the current venture.

Dispatched by Shripad Nadkarni, Shrikrishna Bharambe, Varun Khanna and Abhijit Berde in 2016, Fingerlix serves a wide scope of items like players, blends, curries, dals, parathas and ‘completely prepared’ backups. The startup works in Mumbai, Pune, Delhi NCR, Bengaluru, Hyderabad and Chennai, and it likewise gives tweaked dishes to its customers.

Fingerlix is worked by Maverix Platforms Pvt. Ltd, which likewise runs brands like Canteen Central, Great Indian Khichdi, HomePlate, Meal Studio, Zippy Bowls and Happy Fix.