Exclusive: Smylo In Talks To Raise ₹30 Cr To Expand Cat Food Portfolio

by · Inc42

SUMMARY

  • Smylo is in advanced talks to raise around ₹30 Cr through a mix of equity and debt, with equity expected to account for the majority.
  • The startup is likely to use the fresh capital for new product launches, research and development, and setting up a manufacturing facility.
  • The proposed round is expected to bring a new venture capital firm onto Smylo’s cap table, alongside further investment from existing backer DSG Consumer Partners.