Zinda Foods secures six-figure funding package
The funding, part of a pre-seed round led by US-based angel fund HVB 88 Angel, will support new retailer listings of the brand’s AirWrap flatbreads with major multiples – Zinda already retails its products t5hrough Tesco, Budgens and Londis stores nationwide.
Zinda also confirmed a large spend on building its marketing and sales team, as well as investment into new product development and its brand and marketing activity.
Milestone for the company
Anishya Kumar, founder of Zinda Foods, commented: “This is a massive milestone for Zinda at a time when COVID brought us down to our knees. We were resilient through the pandemic & now since the worst is over, the support of HVB88 will help us pivot and grow exponentially.”
The second tranche of this pre-seed round is poised to bring in another six-figure capital injection from a Singapore based private equity fund later in May.
Siddharth Jain and Porus Doctor, co-Founders from HVB 88 Angels, said: “Our investment in Zinda Foods five ingredient AirWrap, UK’s first all-natural commercially produced wheat flour wrap, is the best option in the market and we are glad to be part of this journey and witness their growth plans to make this available in all stores across the UK & beyond”.
Nationwide listings
Zinda AirWraps are currently listed with 70 Tesco Express, Extra and Metro stores and 1,500 independent Budgens & Londis Stores nationwide in the UK.
The comapny recently launched into NHS trust hospitals in London through Meals for the NHS to provide hospital staff access to nutritional meals 24/7.
Meanwhile, fish processor Denholm Seafoods has secured an eight-figure funding package from HSBC UK, backed by UK Export Finance (UKEF), to support its growth into international markets.
Commenting on the package, Denholm Seafoods director Allan Stephen said: “Our growth plans are ambitious and, by utilising this funding, we’re excited to enter new markets and grow in existing ones. It is the quality of our product, coupled with this additional funding that will afford us this opportunity.”
