Health food startup Evolve Snacks raises funds
With the fresh funding, the company is looking to enter the retail space, said Evolve Snacks founder Angad Sehgal. Currently, the company sells through its online portal. Going forward, it will partner with retail brand chains as well as with traditional FMCG distributors.
Last year, Investment Trust of India (ITI) Group launched an early-stage venture capital fund—ITI Growth Opportunities Venture Fund. Evolve Snacks will be its third investment after backing smart mobility startup Revos and healthcare firm, Ten3t.
The two-year-old star-up was founded by Angad Sehgal and raised its first round in 2017 from 50K Ventures, a Hyderabad-based early-stage investment firm. Today’s Indian is more evolved and conscious of their food habits. We are excited to see mass adoption to better tasting healthy offerings in the times to come, said Mohit Gulati, CIO & Managing Partner, ITI Growth Opportunities Fund.
Source: ET Tech