The Mumbai-based company seeks to scale up its manufacturing unit and venture into the quick commerce turf using the fresh capital
The Indian cold processed and the wood oil market was valued at $79.9 Mn (around INR 674 Cr) in 2023 and is expected to reach $136.6 Mn (around INR 1151 Cr) by 2032 at a growth rate of 5.94% during 2024-2032
Earlier this year, Indic Wisdom reportedly raised INR 4 Cr in a funding round led by Inflection Point Ventures, along with Launch Capital, Bifco Finance, and other high net worth individuals
Wood-pressed oils manufacturer Indic Wisdom has secured $2 Mn (around INR 16.88 Cr) as a part of its Pre-Series A funding round led by Rockstud Capital, along with a clutch of undisclosed investors.
The Mumbai-based company seeks to scale up its manufacturing unit and venture into the quick commerce turf using the fresh capital.
Founded in 2016 by Kaustubh Khare and Prajakta Khare, Indic Wisdom sells cooking oils, multi-purpose oils and specialty oils. Specialised in traditional lakdi ghani-based extraction methods, its oils preserve natural nutrients and flavours.
“With Indic Wisdom, we want to take India’s timeless tradition of prasad – food that is pure, sustainable, and meant for everyone – to the world. We are doing this by incorporating modern production best practices and quality standards in traditional food production practices,” said Prajakta Khare.
“As consumers become more aware of the importance of wood-pressed oils in the face of growing concerns about conventional refined oils’ quality, safety, nutrient content, and environmental impact, we believe Indic Wisdom has a great opportunity to cater to people with its extensive product line, which meets the diverse demands and preferences of health- conscious consumers,” said Abhishek Agarwal, managing partner of Rockstud Capital.
Earlier this year, Indic Wisdom reportedly raised INR 4 Cr in a funding round led by Inflection Point Ventures, along with Launch Capital, Bifco Finance, and other high net worth individuals.
According to a report, the Indian cold processed and the wood oil market was valued at $79.9 Mn (around INR 674 Cr) in 2023 and is expected to reach $136.6 Mn (around INR 1151 Cr) by 2032 at a growth rate of 5.94% during 2024-2032.
By Inc42 Media
Source: Inc42 Media