India, June 4 -- Hot sauce startup Naagin Sauce has raised $2.1 Mn in its latest funding round led by 360ONE Asset, with participation from existing backer 8i Ventures and a clutch of undisclosed angel investors.

The startup plans to deploy the fresh proceeds to scale up its manufacturing and production capacity as well as to strengthen supply chain operations and support team expansion.

"Our focus is very clear that we need to increase scale and capacity, especially on the factory side," Naagin Sauce cofounder Arjun Rastogi told Inc42.

Additionally, the company aims to expand its flavour portfolio and explore growth opportunities in both domestic and overseas markets.

"We want to bring more unique Indian flavors to national and inter...