Funding Alert
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.
Also Read
-
-
Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
Follow Startup Story
