Wholesome protein bar maker The Complete Fact on Tuesday mentioned it raised Rs 133 crore in a Collection C funding spherical led by Sofina Ventures. The spherical additionally noticed participation from current traders Peak XV Companions, Matrix Companions and Sauce.vc.
In response to a Registrar of Corporations submitting, the corporate will use the newly raised funds to satisfy its monetary necessities for enterprise improvement and growth.
The particular decision handed on the firm’s extraordinary basic assembly will approve the supply and subject of 45,097 Collection C Compulsorily Convertible Choice Shares having a face worth of Rs 50 every at a premium of Rs 29,506.55 every on a preferential supply cum personal placement foundation.
The newly raised funds give the corporate a post-money valuation of about Rs 2,133 crore—about 3.5X its earlier valuation of $72.6 million, in line with Tracxn knowledge.
Based in 2019, the Mumbai-based startup gives a variety of protein and vitality bars, apart from peanut butter, goodies, and extra.
The corporate final raised $15 million in a Collection B fundraise in 2022 from Zerodha’s Nithin Kamath, Peak XV Companions and Sauce.vc.
In response to Tracxn, the corporate reported a income of Rs 70.6 crore in FY24 in comparison with Rs 36.7 crore in FY23. The Complete Fact additionally managed to slim its losses to Rs 23.8 crore in comparison with a lack of Rs 35.5 crore within the year-ago interval.
The Shashank Mehta-led agency competes with Max Protein and Wellbeing Vitamin. In response to Tracxn, the corporate is the market chief with a 41% share.
