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A company based in Hyderabad known by the name 'Froogal' decides to go for a funding round. The company is going to raise somewhere around $1 million. The investors are said to hail from the US.
The idea behind this fundraising is to enable Froogal to make a wider expansion. It also involves making more efficient use of its resources and working towards enriching partnerships.
The company seems to be working towards the expansion of its business to cities like Mumbai, Bengaluru, Chennai, and Gurugram.
The company is also planning to work towards its marketing campaign with the help of its funds raised.