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Deal Alert: IAN invests in automatic dosa machine maker Dosamatic

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Indian Angel Network members Hari Balasubramaniam and P Gopinath have invested in Chennai-based Mukunda Foods, a design & development start-up that makes Dosamatic, a table top Dosa making machine. Mukunda Foods is also an IAN incubatee company, which graduated from the IAN Incubator and raised investment. 

Mukunda foods was founded by Eshwar K Vikas & Sudeep Sabat in May 2012 while they were still in college. Mukunda Foods holds the patent for DosaMatic and will use the funds raised to develop the product, establish it as a brand, streamline the manufacturing and create sales and service channels. 

Source: NextBigWhat 
 
Venture Intelligence is the leading provider of data and analysis on Private Company Financials, Transactions (private equity, venture capital and M&A) & their Valuations in India. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

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