
The new funding, which is more than $700,000, would establish a manufacturing facility in Singapore to commercialize and scale Shandi's proprietary plant-based chicken products and increase food-industry partnerships.
Fremont, CA: Shandi, a plant-based food-tech company, shut down its second seed round on 18 August, moved by Singapore-based Tolaram, one of Africa's biggest packaged food companies.
Other investors in this round involve Australia-based food-tech accelerator SparkLabs Cultiv8 and Simmarpal Singh, former CEO India for Louis Dreyfus and prominent angel investor.
The new funding, which is more than $700,000, would establish a manufacturing facility in Singapore to commercialize and scale Shandi's proprietary plant-based chicken products and grow food-industry partnerships.
"We're thrilled to bring onboard a variety of strategic investors, from a large food corporation to a sector-specific venture capital firm and an angel investor. This indicates a strong validation of our technology and product. We look forward to working with our investors to move to the next phase and bring our products to market," stated Dr. Reena Sharma, Founder, and CEO of Shandi.
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