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Chennai-based Anicut Capital LLP, which specialises in investments in small and medium enterprises, has invested $2 million (Rs 13.7 crore) in Timla Foods, which makes and sells ready-to-eat product Popicorn.
The company will mainly use the funds for general trade expansion and for hiring more professionals to support that expansion.
Timla Foods, which was launched in 2016, makes 350,000 popcorn packets in a single day. It has previously raised money from Kae Capital in 2017 ($0.46 million).