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Trilegal, Lexygen help DSG VC sell $6m food processing stake to AB-InBev family investment fund

VC firm DSG Consumer Partners has made a partial exit in food processing industry company Veeba Fine Foods (founded in 1983, making sauces, dips, emulsions and dessert toppings) to Brussels-headquartered Verlinvest Asia, which was created by several families of the Anheuser-Busch InBev empire to make investments in the food and beverage space.

"Specialty food ingredients maker Veeba Food Services Pvt. Ltd said on Friday it has raised $6 million (around Rs 40 crore) in its Series B funding round led by its existing investor Saama Capital and new investor Verlinvest, a private Belgian family investment company," according to VCCircle.

Trilegal partner Kunal Chandra and associate Abhipsita Kundu acted for DSG Consumer Partners.

Verlinvest Asia was represented by Bangalore-based firm Lexygen, led by partner Vijay Sambamurthi, senior associate Vishnu Chandran and associate Vishal Achanta.

The deal closed on 7 October 2016.

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