Latest news with #Khetika
Entrepreneur
17 hours ago
- Business
- Entrepreneur
Weekly Recap: Top 7 Funding Deals of the Week (July 5–11)
Opinions expressed by Entrepreneur contributors are their own. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. The Indian startup ecosystem continues to thrive, attracting investor attention from all corners, whether it's fintech, food-tech, pharmaceuticals, or digital media. From the bustling streets of Mumbai to the innovative hub of GIFT City, we witnessed a wave of exciting funding deals this week designed to spark innovation, broaden reach, and ramp up operations. Let's take a look at seven standout funding deals that showcase the vibrant and dynamic nature of India's entrepreneurial landscape. Credit Wise Capital Inception: 2018 Founders: Aalesh Avlani and Gurpreet Singh Sodhi Based-out: Mumbai Credit Wise Capital offers a range of financial services, including two-wheeler loans, personal loans, and various insurance products like health and life insurance. It also provides digital lending services, including tech-driven underwriting and collections, as well as bike servicing and roadside assistance. Funding Amount: USD 24.10 Million Investor: Trident Growth Partners (TGP) Khetika Inception: 2017 Founders: Dr Prithwi Singh, Darshan Krishnamurthy, and Raghuveer Allada Based-out: Mumbai Khetika is a clean-label food brand that offers staples free from preservatives, including rice, wheat, pulses, dry fruits, and fresh batters. By sourcing directly from Indian farmers, Khetika highlights traditional methods like stone-grinding and fermentation, ensuring that products such as chutneys, spices, and millet-based foods are packed with nutrition and authenticity. Funding Amount: USD 18 Million Investors: Narotam Sekhsaria Family Office, Anicut Capital, Incofin India Progress Fund, Rajasthan Gum, Shree Ram India Gums Arteria Technologies Inception: 2007 Founders: Parag Sushilkumar Jain and Sriram Kanuri Based-out: Bengaluru Arteria Technologies focuses on digitising supply chains using SAP solutions. Its flagship platform, FinessArt, connects supply chain participants, providing analytics, financial visibility, and decision-making tools. It also provides expert consulting services focused on SAP, covering everything from implementation and support to NetWeaver adoption. Funding Amount: USD 12.05 Million Investor: ICICI Venture InPrime Finserv Inception: 2021 Founders: Sneh Thakur, Manish Raj, and Rajat Singh Based-out: Bengaluru InPrime Finserv delivers customised credit solutions to underserved Informal Prime Households, including micro-entrepreneurs and small retailers. Its tech-first model integrates flexible repayment channels and gamified financial literacy programs to promote financial inclusion and empowerment. Funding Amount: USD 6.02 Million Investors: Pravega Ventures, Z47, InfoEdge Ventures, Kettleborough VC Sai Parenterals Limited Inception: 2001 Founder: Anil Karusala Based-out: Hyderabad Sai Parenterals is a pharmaceutical manufacturer offering CDMO services and branded exports. It produces sterile injectables, oral solids, and topical preparations. With five facilities approved by regulatory bodies like TGA and WHO-GMP, it covers the full pharmaceutical value chain from R&D to global distribution. Funding Amount: USD 6.02 Million Investors: Samarsh Capital, Vyom Partners, Blue Lotus Capital Chai Bisket Inception: 2015 Founders: Sharath Chandra and Anurag Reddy Based-out: Hyderabad Chai Bisket is a digital entertainment company known for vernacular content creation, influencer marketing, and film production. Its creative platform "The Stage" nurtures talent through events and workshops, while its new microdrama app "Chai Shots" targets short-form video consumption. Funding Amount: USD 5 Million Investors: InfoEdge Ventures, General Catalyst Belong Inception: 2024 Founders: Ankur Choudhary, Ayush Singh, Sai Sankar M, and Savitri Bobde Based-out: GIFT City Belong is a fintech platform tailored for NRIs, offering services such as fixed deposits, wealth management, and tax filing. The startup aims to simplify cross-border financial management for global Indians with user-friendly and compliant financial solutions. Funding Amount: USD 5 Million Investors: Elevation Capital, Relentless Ventures, and angel investors including Abhiraj Singh Bahl, Varun Khaitan, Akshant Goyal, and Varun Alagh This week's funding deals highlight the robustness and variety of India's startup scene, with capital flowing into finance, food, pharma, tech, and media—signaling investor confidence across the board.
Time of India
a day ago
- Business
- Time of India
ETtech Deals Digest: Startups raise $62 million this week, down 34% on-year
Startups raised around $62.1 million during the week of July 5 to 11, marking a 34.3% drop from the $94.5 million raised during the same period last year, according to data from amount also marked a 72% decrease over the $221.4 million raised last activity, too, remained muted this week, with 16 transactions recorded during the period. This was nearly half of the 30 deals seen in the corresponding week last year. Khetika : Mumbai-based healthy foods company Khetika raised $18 million in a funding round from Narotam Sekhsaria Family Office and Anicut Capital. The round also saw participation from existing investors such as Incofin India Progress Fund, Rajasthan Gum Pvt. Ltd. and Shree Ram India Gums Ltd. Arteria Technologies : Supply chain collaboration software-as-a-service (SaaS) and financing platform Arteria Technologies raised around $11.7 million from ICICI Venture, the investment arm of ICICI Bank , in a funding round. The funding was a mix of primary and secondary capital. InPrime Finserv : Tech-enabled non-banking finance company (NBFC) InPrime Finserv raised around $6 million in a funding round led by Pravega Ventures. The round witnessed participation from existing investors Z47, InfoEdge Ventures, and Kettleborough VC.
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Business Standard
3 days ago
- Business
- Business Standard
Khetika bets big on clean-label food chain, looks to expand to 40 cities
The company has raised $18 million to expand tech-enabled farming platform that connects smallholders directly to consumers seeking chemical-free staples Peerzada Abrar Bengaluru Listen to This Article In the arid fields of Jhinjhinyali, a village on the edge of Rajasthan's Thar Desert, a group of farmers gathers under a shelter, eyes fixed on a screen displaying soil test results of their cumin plots. A Khetika field officer explains how shifting to Integrated Pest Management (IPM) could earn them 15 per cent more per harvest — without relying on harmful pesticides. Just two years earlier, barely 5 per cent of farmers here used IPM. Today, that number has quadrupled. This transformation is part of Khetika's broader strategy to build a tech-enabled, transparent supply chain in India's staple foods
Entrepreneur
5 days ago
- Business
- Entrepreneur
Clean-Label Food Brand Khetika Secures USD 18 Mn Series B Funding
The Mumbai-based startup plans to deploy the fresh capital towards brand expansion, ramping up manufacturing capacity, launching into international markets, and expanding its product portfolio. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Clean-label food brand Khetika has raised USD 18 million in a Series B funding round led by Narotam Sekhsaria Family Office and Anicut Capital, with participation from existing backers including Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums. The Mumbai-based startup plans to deploy the fresh capital towards brand expansion, ramping up manufacturing capacity, launching into international markets, and expanding its product portfolio. Roughly 30% of the funds will also be used to provide secondary exits to early investors such as SIDBI Venture Capital. Founded in 2017 by Dr Prithwi Singh, Darshan Krishnamurthy, and Raghuveer Allada, Khetika offers a range of clean-label food products including batters, chutneys, millet-based staples, and spices. The company has built a tech-enabled supply chain that sources directly from farmers across 14 Indian states. With manufacturing units currently in Delhi, Mumbai, Ahmedabad, and Bihar, Khetika is looking to expand to 20 cities and eventually 40, leveraging a "nano plant" model to scale efficiently. "We closed FY25 with INR 247 crore in revenue, up from INR 160 crore the previous year. That's over 50% year-on-year growth. We're targeting INR 2,000 crore in revenue in the next three years—nearly 10X growth—driven by channel expansion, global entry, product innovation, and brand scaling," said Dr Prithwi Singh, Co-founder and CEO of Khetika. Khetika's products are available via major quick commerce platforms and traditional retail stores. While quick commerce is its fastest-growing channel, about 75% of revenue still comes from traditional distribution. "Indian households increasingly demand clean-label, health-focused foods… Khetika delivers on nutrition and transparency," said Adithya Bharadwaj, Principal at Anicut Capital. "The team's expertise in sourcing, product development, and tech-driven supply chains makes them an exciting partner." With this round, Khetika's total funding stands at USD 25 million.
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Business Standard
5 days ago
- Business
- Business Standard
Clean-label food startup Khetika raises ₹154 crore for expansion
Clean-label food startup Khetika on Monday said it has raised ₹18 million, or about Rs 154 crore, from a clutch of investors for expansion. Narotam Sekhsaria Family Office and Anicut Capital, along with existing investors Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums participated in the funding round, a statement said. The company, which aims to make preservative-free food accessible to every Indian household, plans to use the funds to fuel growth, brand building and operational expansion, the statement said, adding that it will also provide secondary exit to early investors. The Mumbai-based company sells products through e-commerce platforms and large retail stores only, and is aiming to expand into new cities and build teams across innovation, marketing, and operations. The company's co-founder and chief executive, Prithwi Singh said at a time when the Indian food sector is grappling with "adulteration and high use of harmful chemicals" Khetika procures directly from farmers and has a differentiated product and supply chain ecosystem. He added that the company has had a remarkable growth in the past, and is now "aiming to scale by 10X over the next three years". "We believe the Indian Food space is set for transformation with more consumers preferring healthy and clean food," Narotam Sekhsaria Family Office's head of private investments Narayanan Venkitraman said.
