Consumer foods startup Yu Foodlabs raises funding from ace investor Ashish Kacholia
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Consumer foods startup Yu Foodlabs has raised INR 20 Cr ($2.47 Mn) in its Series A funding round which was a mix of equity and debt. The round was led by ace investor Ashish Kacholia. Existing investors Asian Paints Promoter Group also participated in the round. Besides, the Department for Promotion of Industry and Internal Trade’s (DPIIT’s) Startup India Seed Fund also participated in the round, Yu Foodlabs said in a statement.