According to the ministry of corporate affairs filings, Fingerlix has passed a board resolution to issue 2,85,362 Series C shares at a nominal value of Rs 20 with a premium of Rs 481.08 per share worth Rs 14.29 crore.

The current investments have come from its existing investors Swiggy, Accel Partners, Zephyr Peacock, and RB Investments. Further, the company has also appointed Swiggy Co-founder and CEO Sriharsha Majety as a nominee Director.

It is noteworthy that Fingerlix was cofounded by Shripad Nadkarni, Shree Bharambe, Abhijit Berde and Varun Khanna way back in October 2015. Their business involved serving pre-cooked and frozen foods, besides providing fresh and ‘almost-ready’ products such as batters, mixes, curries, dals, parathas along with ‘fully-ready’ concomitants to accompany.

As per a study by 'India Ready-To-Cook Market Outlook, 2021', the total market for ready-to-cook was expected to grow with a CAGR of 19.60% for the last five years. It was projected to reach $754.82 million by the end of 2022. Moreover, India was also seeing a growth in their food and beverage industry as the market was expected to reach $46 Bn by 2020, and thus India’s food-tech market overall was expected to grow from $5 billion in 2019 to more than $15 billion by 2023.