Smylo in advanced talks to raise ₹30 crore for cat food expansion
In short
Smylo is in advanced talks to raise around ₹30 crore, or about $3.2 million, to grow its cat food business.
This matters because the money could help the startup expand its products, but the reporting does not say who is investing or when the round will close. The final deal terms are still not known.
What the reporting says
D2C cat food startup Smylo is in advanced talks to raise around ₹30 crore to expand its cat food portfolio. The publisher summary says the round is being discussed in a mix, but it does not state the final structure, lead investors, or timing. The immediate outcome is still unknown, including whether the deal closes and on what terms.
Why it matters
Smylo, a D2C cat food startup, is reportedly in advanced talks to raise around ₹30 crore to expand its cat food portfolio. The source does not confirm the investors, valuation, ownership impact, or final timing of the fundraise. The key uncertainty is whether the round closes and what mix of capital is ultimately used.