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Adjuvant Capital Invests In Fortified Snacks Company Frontier Nutrition

February 5, 2021: 12:00 AM EST
The New York-based life sciences venture fund, backed by the Bill & Melinda Gates Foundation, has joined other investors in taking a $6 million stake in the Bangladesh-based company, maker of fortified snacks that treat and prevent malnutrition. Proceeds will be used for in-house manufacture of several products, to launch sales and marketing campaigns for its consumer brand Hashi Khushi, and to develop new products. Frontier Nutrition's products, which cost about $0.06 a serving, are sold under the name of Hashi Khushi and Nutri+ at more than 50,000 outlets in the country. The fortified products include lentil butter, chocolates, powdered drinks and biscuits. 
"Frontier Nutrition raises funds through Series B round", PRNewswire, February 05, 2021, © Cision US Inc.
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