Mumbai-based agri-produce startup Indic Wisdom raises Rs 4Cr in a pre-Series A round

Mumbai-based agri-produce startup Indic Wisdom today said it has raised Rs 4 crore in a pre-Series A funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.

The round also saw participation from Mahendra Sankhe, Launch Capital, Bifco Finance, and various high-net-worth individuals (HNIs). 

Enhancing the visibility

With this round of funding, The startup said it will focus on amplifying its visibility, expand its distribution network, and build production capacity toward increasing market presence and operational efficiency.

Founded by Kaustubh Khare and Prajakta Khare, Indic Wisdom Pvt. Limited is a Mumbai-based manufacturer of food staples, with a core focus on wood-pressed oils. The startup aims to reinvigorate India’s traditional methods of food preparation through consistent innovation and application of modern quality standards to bring goodness to all.

Who are the founders?

Kaustubh, who has 15 years of experience in digital supply chain management using SAP ERP, is the Founder and Director. Prajakta, the Co-Founder and Director, brings 14 years of expertise in SAP ERP, with a focus on customer relationship management, campaign management, and digital distribution management.

Prajakta Khare, Founder & Director of Indic Wisdom, said, “At Indic Wisdom, our goal is to take India's timeless tradition of prasad – food that is pure, sustainable, and meant for everyone - to every corner of the world. We are doing this by taking our ancient wisdom and food production practices and infusing them with modern production best practices and quality standards."

Supporting local employment

With its zero-waste manufacturing facility in Palghar, the startup is focused on supporting local employment and showcasing the potential of Indian manufacturing on the global stage. It claims to have a monthly GMV of Rs 2.5 crore.

As per the latest industry data, the Cold Pressed Oil market in India is projected to reach approximately ₹40,000 crores by the year 2030. On a global scale, the category is expected to reach $30 billion by the year 2028. These figures highlight the substantial growth and economic significance of the Cold Pressed Oil market both within India and on the global stage, the company said in a statement. 

Is it profitable?

Indic Wisdom claims to have been PAT-positive for the past four years. The brand's extensive range of oils and its presence across multiple channels further contribute to its distinct market position. Currently, it operates at a scale where it extracts 70 thousand litres of oil per month, according to the company.

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