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September 12, 2013

Deal Alert: IAN invests in automatic dosa machine maker Dosamatic

Indian Angel Network members Hari Balasubramaniam and P Gopinath have invested in Chennai-based Mukunda Foods, a design & development start-up that makes Dosamatic, a table top Dosa making machine. Mukunda Foods is also an IAN incubatee company, which graduated from the IAN Incubator and raised investment. 

Mukunda foods was founded by Eshwar K Vikas & Sudeep Sabat in May 2012 while they were still in college. Mukunda Foods holds the patent for DosaMatic and will use the funds raised to develop the product, establish it as a brand, streamline the manufacturing and create sales and service channels. 

Source: NextBigWhat 
 
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