Bangalore based food commerce company – ItsMyMeal has raised $10Mn from angel investor.
The funds raised will be used to build kitchens in technology parks and company campuses. Each kitchen will cater 1000 packs of lunch, evening snacks and dinner per day. The venture aims to provide 40,000 meals per day in next 18 months in Bangalore.
Mumbai based Tata Sky Ltd, a Direct-to-Home (DTH) service provider is in talk with PE firms to raise about R1800 Cr ($300 Mn) after dismissing it plans for an IPO. The PE firms approached by the company includes Bain, Blackstone, Warburg Pincus, TPG and General Atlantic