Latest news with #foodstartup
Entrepreneur
08-07-2025
- 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.
Entrepreneur
07-07-2025
- Business
- Entrepreneur
Khetika Secures $18M in Series B Led by Narotam Sekhsaria Family Office and Anicut Capital
The equity round also saw continued support from existing backers, including Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums, as per an official statement. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Clean-label food startup Khetika has raised USD 18 million in its Series B round, with participation led by the Narotam Sekhsaria Family Office and Anicut Capital. The equity round also saw continued support from existing backers, including Incofin India Progress Fund, Rajasthan Gum, and Shree Ram India Gums, as per an official statement. Launched in 2017, Khetika offers a diverse range of food products such as batters, chutneys, millet-based staples, and spices. The Mumbai-headquartered brand claims to operate a tech-enabled supply chain that sources directly from farmers across 14 Indian states. The company plans to use the capital to strengthen its brand presence, ramp up manufacturing capacity, expand internationally, and broaden its product offerings. While Khetika is witnessing strong growth in quick commerce channels, nearly 75 per cent of its revenue continues to come from traditional retail networks. "Indian households increasingly demand clean-label, health-focused foods that deliver on nutrition and transparency, precisely what Khetika provides. The Khetika team has demonstrated an exceptional grasp of sourcing networks, product development, and the retail distribution landscape, and has built technology that drives measurable impact across the supply chain. It's exciting to partner with them on this journey," said Adithya Bharadwaj, Principal, Anicut Capital. With this round, Khetika's total funding raised stands at approximately USD 25 million. Around 30 per cent of the latest infusion will go toward secondary share sales, providing partial exits to early investors such as SIDBI Venture Capital.
