Scandalous Foods Completes Rs 3 Crore Pre-Seed Funding Round
B2B sweets startup Scandalous Foods has announced the successful completion of its pre-seed funding round, securing a total of Rs 3 crore. The latest infusion of Rs 1.4 crore came from the Indian Angel Network (IAN), led by KRS Jamwal and Mrunal Jhaveri, along with notable angel investors Arjun Vaidya of V3 Ventures, Ajay Mariwala, MD of VKL and FSIPL, and Sushma Gupta.
Scandalous Foods had raised Rs 1.6 crore in the first tranche of the pre-seed funding round in December last year.
The company plans to utilize the funds to establish a larger production facility and expand its operations. Scandalous Foods aims to broaden its footprint across the food service industry and build a robust HoReCa (Hotel, Restaurant, and Catering) base in key markets, including Mumbai and Nasik.
Founder of Scandalous Foods, Sanket S, expressed his excitement about the additional funding, stating, “With the additional Rs 1.4 crore, we are better equipped than ever to innovate, expand, and cater to the growing demands of our diverse clientele. Our journey from a nascent startup to a trailblazer in the industry has been exhilarating, and this is just the beginning.”
Co-founded in August 2022, Scandalous Foods is a B2B company that focuses on empowering the sweets industry for the restaurant sector. The company offers preservative-free sweets with a shelf life of six months. Currently operating as a B2B company, Scandalous Foods has plans to expand into the B2B2C and B2C segments. The company is set to introduce mithai bars and sachets shortly, further diversifying its product offerings.
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