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Cold-pressed oil brand Gramiyaa raises pre-Series A funding
Entrackr
·
4m ago
Medial
Snippets Cold-pressed oil brand Gramiyaa raises pre-Series A funding Gramiyaa, a vertically integrated cold-pressed oil brand, has raised Rs 7.2 crore in a pre-Series A funding round led by Homegrown Ventures, along with participation from Campus Fund and Mumbai Angels. Prior to this, the Bengaluru-based company had raised $1.14 million in a seed round from Homegrown Ventures and others. The proceeds will be used to expand its production capacity to 4 lakh litres per month, enhance sourcing capabilities, streamline manufacturing processes, and strengthen distribution channels, including its D2C platform, Gramiyaa said in a press release. Founded in 2016 by Sibi Manivannan, Gramiyaa is a brand of cold-pressed cooking oil. Their products include wood-pressed oil in a variety of flavors such as groundnut oil, sesame oil, and coconut oil. The company sells the majority of its products in Tamil Nadu through independent stores as well as online. It operates its own state-of-the-art manufacturing facility, ensuring consistency, hygiene, and process integrity. While cold-pressed oils have historically been associated with small-scale production and fragmented supply chains, Gramiyaa is redefining the category through structure and scale by prioritizing vertical integration and manufacturing excellence. It ensures consumers receive high-quality oils made from premium seeds—free from the inconsistencies that often affect the segment. Gramiyaa combines traditional wood and stone mills with modern, hygienic facilities, and ensures authentic extraction with the highest standards of safety and consistency. Offering a wide range of cold-pressed oils, the brand reaches consumers through its D2C platform, key retail outlets, e-commerce, and quick-commerce channels.
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Turno, four others secure early-stage funding
VCCircle
·
1y ago
Medial
Indian startups Turno, Vegapay, Fyllo, Gramiyaa, and TechEagle have all raised early-stage funding. Commercial electric vehicle startup Turno secured $6 million in an extended Series A funding round, while fintech startup Vegapay raised $5.5 million in a seed funding round led by Elevation Capital. Agritech startup Fyllo received $4 million in funding, cold-pressed oil maker Gramiyaa raised $1.1 million in equity and debt infusion, and drone logistics startup TechEagle secured an undisclosed amount of funding in a bridge round. Specific plans for the funds were detailed by each startup.
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Food brand Indic Wisdom raises $2 Mn in pre-series A round
Entrackr
·
8m ago
Medial
Mumbai-based manufacturer of wood-pressed oils Indic Wisdom has raised $2 million in its pre-Series A round led by Rockstud Capital along with other investors. Founded by Prajakta Khare & Kaustubh Khare, Indic Wisdom’s product range include encompassing cooking oils, multipurpose oils, and specialty oils, caters to the diverse needs and preferences of health-conscious consumers. These oils, renowned for their high nutritional content, including essential vitamins, antioxidants, and fatty acids, offer a superior alternative to refined oils, which often undergo processing that can strip them of valuable nutrients. Specialising in traditional lakdi ghani-based extraction methods, their oils preserve natural nutrients and flavours. It has also invested heavily in testing research and development to provide consumers with verified purity. According to market research, the global cold-pressed/wood-pressed oil market, valued at $27.1 billion in 2021, is projected to expand at a compound annual growth rate (CAGR) of 5.7% until 2028. Domestically, IMARC Group forecasts the market to reach $15.6 billion by 2032 from the current $9.1 billion, exhibiting a CAGR of 5.9% between 2024 and 2032.
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Indic Wisdom Raises Rs 4 Crores In Pre-Series A Round Led By Inflection Point Ventures
OutlookIndia
·
1y ago
Medial
Agri-produce startup Indic Wisdom has secured INR 4 crores in a pre-series A funding round led by Inflection Point Ventures. The company aims to use the funds to enhance brand visibility, expand its distribution network, and increase production capacity. Indic Wisdom focuses on producing wood-pressed oils, drawing inspiration from India's culinary traditions. The startup, founded by Kaustubh Khare and Prajakta Khare, aims to provide natural and sustainable food choices while contemporizing India's cultural wisdom. The global market for wood-pressed oils is projected to reach $18.61 billion by 2030.
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Juice Startup The Fresh Press Nets Funding From Gruhas Collective Consumer Fund For Expansion
Inc42
·
1y ago
Medial
Cold-pressed juice startup The Fresh Press has raised an undisclosed amount of funding in its pre-Series A round from Gruhas Collective Consumer Fund (GCCF). The Mumbai-based startup plans to expand into Hyderabad, Bangalore, and Chennai, as well as target key regions like Gujarat, Rajasthan, and Delhi. The funding will also allow the startup to participate in Gruhas Gusto, a six-month accelerator program for early-stage foodtech startups. The Fresh Press offers four fruit juices and aims to establish 1,000 quick-service restaurants across India. The investment adds to GCCF's portfolio, which aims to support health-conscious consumer brands.
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Sugar.fit, Indicold secure early-stage funding
VCCircle
·
1y ago
Medial
Sugar.fit, a healthtech startup focused on managing and reversing diabetes, has raised $5 million in its ongoing Series A funding round, bringing the total to $16 million. The funding, led by B Capital and participated by MassMutual Ventures and existing investors, will be used to expand the company's technology and product offerings, enhance brand presence, and improve research and development in diabetes management. Meanwhile, cold storage and warehousing solution provider Indicold has raised an undisclosed amount in a pre-Series A funding round from Fundalogical Ventures to support technology development, expansion, and hiring efforts.
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Salad Days raises Rs 30 Cr in Series A round
Entrackr
·
6m ago
Medial
Healthy food brand Salad Days has secured Rs 30 crore ($3.6 million) in Series A funding round co-led by V3 Ventures and Client Associates Alternate Fund (CAAF). Notably, this marks the company's first institutional funding round after operating profitably as a bootstrapped venture for more than 10 years. The fresh capital will be deployed for omnichannel expansion and strengthening operational capabilities, the company said in a press release. Salad Days will focus on new store openings, enhanced technological infrastructure, talent acquisition, and elevated marketing initiatives. Founded in 2014, Salad Days operates through a network of 25 cloud kitchens, with 12 outlets in Delhi-NCR, 9 in Bengaluru, and 4 in Mumbai. The brand offers an extensive menu that goes beyond salads to include grain bowls, sandwiches, pita pockets, oatmeal bowls, soups, cold-pressed juices, smoothies, and desserts. “As India's healthy food market expands rapidly, projected to reach $30 billion by 2026, we're uniquely positioned to cater to the growing demand for healthy and wholesome meals at affordable price points,” said Varun Madan, founder and CEO of Salad Days. Salad Days currently sells through its website, centralized phone lines and major food aggregators including Swiggy, Zomato, and ONDC. Bombay Salad Co. is one of the closest competitors of Salad Days.
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Juice shop chain The Fresh Press raises funds from Gruhas Collective Consumer Fund
Economic Times
·
1y ago
Medial
Cold-pressed juice maker The Fresh Press has secured an undisclosed amount of equity funding from Gruhas Collective Consumer Fund (GCCF), backed by Nikhil Kamath. The Fresh Press, founded in 2018, operates approximately 40 outlets in nine cities across India. The funding will be used to expand the number of stores to 150, primarily through shop-in-shop setups. The company aims to increase revenue from Rs 3.5 crore in FY23 to Rs 15 crore in FY25. The Fresh Press has reported a store-level EBITDA margin of 15% and offers a range of fruit juices, milkshakes, and smoothies.
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Drip Project raises funding from Blume Founders Fund, others
Economic Times
·
1y ago
Medial
Luxury streetwear jewellery brand Drip Project has raised an undisclosed amount of funding led by Blume Ventures, with participation from other investors. The Mumbai-based startup plans to expand its product catalogue, build inventory, and facilitate growth with the funds. Drip Project was founded in 2021 and later acquired by Metaman. The brand offers a range of jewellery including bracelets, chains, pendants, rings, and earrings. Blume Ventures focuses on investments in pre-seed, seed, and pre-Series-A startups.
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Celcius Logistics raises Rs 40 Cr in pre-Series B round
Entrackr
·
1y ago
Medial
Celcius Logistics, a domestic aggregator providing end-to-end cold-chain solutions, has secured Rs 40 crore ($4.8 million) in a pre-series B round, led by existing investor IvyCap Ventures. Other investors include Mumbai Angels and Caret Capital. The current round follows the Series A funding round of Rs 100 crore ($12 million) in April 2023 led by IvyCap Ventures. The fresh proceeds will be used to expand its footprint across its transportation management system (TMS) and warehouse management system (WMS), further strengthening its cold storage solution. It also aims to expand its reach in over 500 cities in the next one year and help manufacturers sell their perishable products. Founded by Swarup Bose, Celcius Logistics connects shippers and transporters and is a one-stop solution for all cold chain requirements, ensuring last mile and hyperlocal deliveries. The platform has already transported over four lakh tons of perishable cargo for dairy, pharma, fruits, seafood as well as fresh agricultural produce. Its clients include Zomato, Spicejet, Reliance Pharma, Maersk, Prabhat Dairy, Baskin Robbins, Vadilal, Domino’s, Keventers, and Godrej Agrovet among others. Currently, the platform claims to have 4,000 vehicles, 107 cold storage facilities, 27 distribution centres, and 200 hyperlocal riders across the country.
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JustDeliveries Bags Funding To Offer Cold Chain Solutions To Frozen Food Brands, Restaurants
Inc42
·
1y ago
Medial
JustDeliveries, a cold chain solutions startup, has raised $1 million in a pre-Series A funding round led by NABVENTURES Fund. The funding will be used to expand the startup's logistics networks in key cities, including Bangalore, Mumbai, Pune, and the NCR, as well as launch operations in Hyderabad. JustDeliveries aims to grow and expand to 8-10 Indian cities over the next 3-4 years. The startup has developed a cold chain solution and has partnered with QSRs, cafe chains, and brands specializing in fresh and frozen products.
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