Kishlay Foods, which manufactures snacks, chips, and biscuits, has raised Rs. 100 crores (USD 15 million) from Norwest Venture Partners and D.K. Surana, promoter of Intensive Software Services..Fox & Mandal, Kolkata acted for Kishlay Foods. The team included Partner Debanjan Mandal along with Principal Associate Atreyee Sen and Associate Pulkit Chandak..Shardul Amarchand Mangaldas acted for Norwest Venture Partners with a team led by Partner Siddharth Nair along with Asmita Mishra..Kishlay is a leading regional player focused on the snacks market and currently has a dominant presence in North East India..The funding will be used primarily to buy out existing business partners and to expand distribution in north and east India, launch additional product lines, and enhance the management team, reported Mint.
Kishlay Foods, which manufactures snacks, chips, and biscuits, has raised Rs. 100 crores (USD 15 million) from Norwest Venture Partners and D.K. Surana, promoter of Intensive Software Services..Fox & Mandal, Kolkata acted for Kishlay Foods. The team included Partner Debanjan Mandal along with Principal Associate Atreyee Sen and Associate Pulkit Chandak..Shardul Amarchand Mangaldas acted for Norwest Venture Partners with a team led by Partner Siddharth Nair along with Asmita Mishra..Kishlay is a leading regional player focused on the snacks market and currently has a dominant presence in North East India..The funding will be used primarily to buy out existing business partners and to expand distribution in north and east India, launch additional product lines, and enhance the management team, reported Mint.