Bundl Technologies, the parent company of an online food startup Swiggy, has invested Rs 31.2 crore in ready-to-cook food startup Fingerlix.
The Mumbai-based startup is in the process of raising funds in a Series-C round. The round has also seen participation from existing investors, including Accel Partners and Zephyr Peacock.
Bundl Technologies was founded by Shree Bharambe and Shripad Nadkarni in 2016. So far, the startup has raised over Rs 135 crore.
Nadkarni said, “Ready-to-eat food is a fast-emerging and a significant segment, given the changing lifestyles of urban millennials. The current round will help us address this emerging consumer segment via multiple channels.”
Vivek Sunder, the Chief Operating Officer (CEO) of Swiggy.com, said, “Fingerlix, under the able leadership of Shripad & Shree, has built a much-loved brand with a unique model of creating products which we believe will unlock a new category of convenience for customers.”