Chennai, Tamil Nadu, India JAN 24,2017 (NewsVoir) UK based firm has invested an undisclosed amount in Sapthagiri Pee Gee Pvt. Ltd. The firm is in organic food business and is eyeing to tap a large market soon.
Chennai – based organic product firm Sapthagiri Pee Gee Pvt. Ltd. Has raised an undisclosed sum in Series A funding from UK based SRAM & MRAM Technologies and Resources Limited in a crowd sourcing exercise. This is the first closure announcement and more funds are expected to be raised as part of this round.
At a function organized to facilitate the funding arrangement a very ecstatic Mr. G. G. Sekar (a former MP & MLA from Dharmapuri District in Tamil Nadu in India and the Managing Director of Sapthagiri PEE GEE) confirms the deal and said that the funds will be used for buying additional land for organic farming, marketing expenses, opening more physical outlets, scaling up its online shopping portal and also its restaurant division.
Founded in 2002 by G. G. Sekar, SevenHills runs a fruit crushing and pulp manufacturing venture in Tamil Nadu, India. Its fruit pulp is exported to different countries and is sold to the local juice manufacturers as well. Initially set up in Tamil Nadu, SevenHills has plans to put up additional manufacturing bases in Maharashtra and also later at Indonesia to leverage the growing demand for organic products in the latter.