- Grocery
- 1 min read
Indic Wisdom raises $2 million in pre-Series A round led by Rockstud Capital
Indic Wisdom, a Mumbai-based wood-pressed oils manufacturer, has secured USD 2 million in a pre-Series A funding round. The round was led by Rockstud Capital and saw participation from other investors. The company plans to utilize the funds to expand its manufacturing capabilities, enhance brand visibility, and venture into the e-commerce sector.
With this fresh funding, the Mumbai-based brand aims to expand its manufacturing unit increase brand visibility, and penetrate into the Ǫ-commerce segment.
Established in 2016 by the husband-wife duo of Kaustubh Khare and Prajakta Khare, the brand presently sells cooking oils, multi-purpose oils, and specialty oils.
Prajakta Khare, co-founder of the company said, “We want to take India's timeless tradition of prasad – food that is pure, sustainable, and meant for everyone - to the world.
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