Verlinvest and Saama Capital invest Rs 40 crore in Veeba Foods

14 October 2016

NEW DELHI: Specialty condiments manufacturer and supplier Veeba Food Services has raised about Rs 40 crore in fresh funding, in a round led by Belgian family office Verlinvest and venture capital firm Saama Capital. Proceeds from the Series B round will be utilised by the Delhi-headquartered company to further build its manufacturing infrastructure, strengthen its distribution network and marketing, according to Viraj Bahl, chief executive, Veeba Food Services.

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