Mumbai
Angels (The MA Network) has announced its participation in the bridge round for The Parfait Company.
The Parfait Company a manufacturer of packaged ice
creams and frozen desserts , is a part of The MA Network’s
existing portfolio.
The company was founded in 2014 by Sharmeen Indorewala and Basheera Indorewala, with a menu of twelve
flavours of French style parfait. Being the only brand in India and across
the world to manufacture packaged French parfait they have created a
unique position for themselves on supermarket freezer shelves and in the hearts
of their loyalists.
French Parfait is ice cream’s fussy
French cousin and TPC’s endeavor was to deliver all natural, preservative,
stabilizer, emulsifier and gluten free parfait to India’s
increasingly growing health conscious consumer.
Parfait raised its angel investment round from the
MA Network in 2017. The round was led by Vikas Khemani and V Hari.
The existing investors from the MA Network have
participated in the current bridge round, which is a strong testimonial to
their support and belief in the company’s model and the founders’ ability to
scale the company in the fast growing food business.
“Our investment in the bridge round for Parfait is
a part of our broader strategy to support ventures not just at the initial
angel investment round but through their journey as they scale and demonstrate
strong traction. Parfait is also a key name in our growing food and FMCG
portfolio” said Nandini Mansinghka, CEO and
MD, Mumbai Angels Network.
See media coverage about parfait here:
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