InnerChef: Innerchef revenue and losses jump 2X in FY19; secures $1 Mn from Mistletoe

Cloud kitchen platform Innerchef has secured Rs 7.20 crore in a debt funding round from its existing investor- Japanese venture capital firm Mistletoe.According to regulatory filings, the Gurugram-based company has approved to allot 7,20,000 Compulsorily Convertible Debentures (CCDs) having a face value of Rs 100 on private placement basis to Mistletoe. The debentures being convertible in nature are offered at a coupon rate of 0.01% per annum.The fresh capital for the company has come after a gap of a year.Continue reading Innerchef revenue and losses jump 2X in FY19; secures $1 Mn from Mistletoe at Entrackr.