[Funding alert] Ex Ola Advisor Dr Srinivas Chunduru invests in food startup Snack Amor
Summary
Dr Srinivas Chunduru, former advisor for Ola, has invested an undisclosed amount of funding in the food startup Snack Amor through his family office VANS Investments which focuses on investments in pre-IPO, new age internet consumer and fintech companies. Along with the funding, Dr Srinivas has also joined the company as a strategic advisor. Speaking about his association with Snack Amor, Dr Srinivas said, Dr Srinivas is the founder of VANS Group and has recently been inducted as Chief Advisor - Strategic Alliances, and is a member of the board at fintech startup Crowdera. He has been a key advisor for Ola as its interim CHRO and CEO (OSPL), and continues to be on the board of Ola group companies (OSPL). According to the startup, India is a snacking nation with a market of $4 billion but a majority of snacking products available are junk and loaded with sugar, salt, trans-fat, artificial flavours, colours, and preservatives.