Indic Wisdom Secures $2 Million in Pre-Series A Round Led by Rockstud Capital
- ByStartupStory | November 22, 2024
Mumbai-based manufacturer of wood-pressed oils, Indic Wisdom, has raised $2 million in its pre-Series A funding round. The investment was led by Rockstud Capital, alongside participation from other investors.
Founded by Prajakta Khare and Kaustubh Khare, Indic Wisdom specializes in manufacturing cooking oils, multipurpose oils, and specialty oils that cater to the needs of health-conscious consumers. The oils, known for their high nutritional content, including essential vitamins, antioxidants, and fatty acids, are a healthier alternative to refined oils.
The brand’s hallmark lies in its traditional lakdi ghani-based extraction methods, which preserve natural nutrients and flavors. Indic Wisdom has heavily invested in research and development, ensuring the purity and quality of its products through rigorous testing.
The global cold-pressed/wood-pressed oil market, valued at $27.1 billion in 2021, is projected to grow at a compound annual growth rate (CAGR) of 5.7% until 2028, according to market research. Domestically, the market is set to expand from $9.1 billion to $15.6 billion by 2032, with a CAGR of 5.9% during 2024–2032, as per IMARC Group forecasts.
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