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MTR founder P Sadananda Maiya raises Rs 200 crore to build food venture - 18-May-2016
BENGALURU: The storied food entrepreneur P Sadananda Maiya, who sold his MTR Foods eight years ago, has raised Rs 200 crore, led by private equity investor Peepul Capital, to aid the expansion plans of Maiyas Beverages & Foods. Credited with pioneering the ready-to-eat food segment in the country, Maiya plans to develop his four-year-old startup into a $100-million revenue company by end of this decade.