Timla Foods, a fledgling popcorn supplier based in India, has attracted investment from local private-equity firm Anicut Capital.
The buy-out house has put US$2m into Timla Foods, which markets the popcorn snacks under the Popicorn brand.
Go deeper with GlobalData
Timla Foods chief executive Prasanth Gowiraju said the backing would help the Hyderabad-based popcorn maker grow, with the firm eyeing new major cities in India.
The company, set up two years ago, has a presence in Andhra Pradesh, Delhi and Telangana but is looking at potentially securing new customers in Bengaluru, Chennai, Madurai, Mumbai and Pune.
Timla Foods has a production facility in Andhra Pradesh and is lining up a site in the north of the country.
See Also:
Popcorn is an active market in India. A notable recent launch came last month when local food manufacturer Modi Naturals, the company behind the Oleev cooking oil brand, entered the popcorn market with a new brand, Pipo.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
