Chatha Foods Pvt Ltd which is India’s leading Frozen and Ready to Eat (RTE) meat foods manufacturer raised undisclosed growth equity from RVCF (Rajasthan Venture Capital Fund).
Chatha Foods retails an array of RTE & Frozen Meat products under the Brand “Swiss Naturen”.It is also the largest supplier of frozen chicken products to Domino’s,Subway,Papa Johns and several other leading QSRs in India.
The Jaipur based RVCF has invested in Chatha Foods for a significant minority stake through its SME Tech Fund, which invests pan India in IT/ITes, education, healthcare, agro products, and other high growth sectors.
Commenting on the transaction Mr. Paramjit Chatha said that “The Company has been witnessing high growth from both its institutional clients including the leading Quick Service Restaurants (QSRs) in India and at the retail market where the demand for high quality & innovative RTE chicken products is high. The capital infusment will help the company increase capacities, introduce newer products and service the QSRs more efficiently”.
Commenting on the transaction Mr.Girish Gupta CEO RVCF said that “the company has tremendous experience in its sector and with the infusement it will be able to emerge as India’s leading supplier of high quality frozen meat products to QSRs as well as the retail market”
Rajasthan Venture Capital Fund is mandated to operate on pan-India basis. It manages two SEBI registered domestic venture capital funds - RVCF Fund I & SME TECH FUND – RVCF Trust II and invests in IT/ITes, education, healthcare, agro products, auto components and other growth sectors. For details may visit : www.rvcf.org
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