Processed Food Company Maiyas Beverages and Foods Raises INR1 Billion from Ascent Capital (Asia)

Source: VCCircle

India-focused private equity firm Ascent Capital has invested INR1 billion (approximately US$16.6 million) in Maiyas Beverages and Foods, an India-based vegetarian processed food company. Maiyas intends to use the funding to increase its marketing efforts and strengthen its brand.