India: GVFL invests $4.6m in ready-to-fry snacks maker Chhajed Foods

Ahmedabad-based snacks maker Chhajed Foods Pvt Ltd has raised Rs 30 crore ($4.67 million) from venture capital firm GVFL Ltd (formerly Gujarat Venture Finance Ltd), DEALSTREETASIA has learnt.

Founded in 1979, Chhajed Foods offers a range of ready-to-fry (RTF) snack pellets under two broad categories, cereal based Pellet (Paan iPuri) & potato based pellet, and its products are sold under the brand name ‘FRYLO’ and ‘PUMPUM’.

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