The Chennai Angels invests ₹2.22 crore in cloth diaper firm Bumberry
The Hindu
The company will utilise the funds raised for expanding its product range and enhancing production capacity
The Chennai Angels (TCA), an angel investing group comprising of entrepreneurs and business leaders from across Tamil Nadu, has invested ₹2.22 crore in Bumberry, a firm in the cloth diapering space. With participation from Bumberry’s existing investors Konglo and Kerala Angels, the total investment stands at ₹3.11 crore. Bumberry was Kerala Angel Network (KAN)’s first investment after the formation of the network, early last year. Details provided by TCA show that the company will utilise the funds raised for expanding its product range and enhancing production capacity.
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