Leading FMCG firm Nilgai Foods has planned to boost up to $10 million in equity investment to finance ongoing expansion plans in metro cities. The company, which manufactures and sell jams, sauces, dips, dressings and baked goods under the brand name of Pico, plans to take its Quick Service Restaurant (QSR) brand PICO Express to all major metros and Tier I places as Delhi and Bangalore in the next few years. , he added. The company’s FMCG products are currently in Delhi and Mumbai, but they plan to expand that reach rapidly over the next couple of years to reach over 10,000 retail stores across India. Such boost in the retail zone will be added business advantage for the signage companies whose activities revolve around in-shop displays, designs and related activities.
