Tolaram-led funding raises over US$700,000 for food-tech startup Shandi

Singapore

SINGAPORE-BASED food-tech startup Shandi has raised more than US$700,000 in a second-seed funding round led by Tolaram Group, one of Africa's largest packaged food conglomerates.

The fresh capital will be used to set up a manufacturing facility in Singapore to commercialise and scale Shandi's proprietary plant-based chicken products, including expanding partnerships in the food sector, said Tolaram in a media statement on Wednesday.