Maharashtra-based Fingerlix, a startup allowing users to receive and cook pre-selected, fresh food without preservatives, has raised $1.31 million.

With the Indian food and grocery market having grown to the sixth position, globally in terms of size according to an IBEF report, the food-based startup’s mobile app and website fall directly into the category. Users can use both services to select food they wish to receive.

The new funding came in the form of debt financing from the $123 million venture debt fund by Alteria Capital. The investment is the first from the fund.

Since its founding in 2015, the startup has raised a total of $10 million, having seen Accel Partners and Zephyr Peacock as past investors.

“Our experience of raising Venture Debt with Alteria was not only smooth and quick but delightful,” the startup’s co-founder Shripad Nadkarni said as per news reports. “The team is amazingly responsive and knowledgeable and we are sure this is the beginning of a solid partnership.”

In addition to the fresh food provided, Fingerlix also sends users directions to assist in the preparation of the food. Curries, batters, mixes and parathas are among the different foods available through the startup.

According to a media statement by the company, the $1.31 million will be put toward geographical and product expansion. Fingerlix was founded by Nadkarni, Shree Bharambe, Abhijit Berde and Varun Khanna

(Picture courtesy: https://startupwonders.com/)