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Troo Good Raises $7.4 Million From Oaks Asset

Troo Good Raises $7.4 Million From Oaks Asset

11/10/21, 12:31 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/PK.svghyderabad
Money raised
$7.4 million
Troo Good, a Hyderabad-based millet snacks company, has raised $7.4 million, or about Rs 55 crore, in Series A funding from OAKS Asset Management.

Company Info

Company
Troo Good
Location
hyderabad, sindh, pakistan
Additional Info
The company will use the funds to expand its business across the country and beef up its research and development and manufacturing capabilities, a senior official said. , the company is currently clocking Rs 70 crore in annualised revenue run rate and serves nearly one million mostly children every day across Telangana and Andhra Pradesh. IN“With the help of the capital, the company expects to reach a revenue run rate of Rs 300 crore over the next 18-24 months,” Bhupati told “The company has decent gross margins and is in a market which is largely untapped. ”Started by selling millet-based chapatis and parathas to schools, IT companies and sky kitchens, Troo Good introduced a chikki based on a unique formulation using different types of millets by the end of