Scandalous Foods Secures Rs 1.6 Cr in Pre-Seed Funding Round
- ByStartupStory | December 5, 2023
Scandalous Foods, a comprehensive destination for sweets in the restaurant industry, has successfully secured 1.6 crore in the pre-seed funding round. This financing round is co-led by Anthill Angel Fund, EvolveX, Value360, and Sapphireink, with significant contributions from notable individuals such as Sagar Daryani, Kamnaa Aggarwal, Vikas Aggarwal, and Harpal Singh Sokhi.
The funds raised are earmarked for various purposes including product development, expanding their production unit located in Nasik, automating production processes, and notably, expanding their current reach from 250 touchpoints to a substantial 2000 touchpoints within the span of a year. Scandalous Foods revealed these plans in an official press release.
Founded in August 2022 by Sanket S and Pravesh Amin, Scandalous Foods operates primarily as a B2B enterprise, focusing on empowering the sweets industry within the restaurant sector.
Their offerings include preservative-free sweets, conveniently packaged in single-serve sizes with an impressive shelf life of six months. The company has a strategic emphasis on cloud kitchens and has intentions to diversify into various food service segments.
In a bid to cater to impulsive indulgence, Scandalous Foods is set to introduce a range of new products, including mithai bars, cookies, cupcakes, and sachets. Their growth has been impressive, boasting a tenfold increase in monthly orders over three quarters. Furthermore, the company claims to have sold nearly 14 lakh pieces of sweets while retaining an outstanding 97% freshness, texture, and taste in their frozen food offerings. The ambitious aim is to penetrate the HoReCa industry (Hotels, Restaurants, and Catering).
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